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Supplement to
BANKING &MONETARYSTATISTICS
SECTION 1
Banks and the Monetary System
BOARD OF GOVERNORS OF THE
FEDERAL RESERVE SYSTEM
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Preface
In 1943 the Board of Governors publishedBanking and Monetary Statistics to make avail-able in one place and on a uniform basis majorseries relating to banking, monetary, and otherfinancial developments. The statistics usuallycovered the period from 1914, when the Fed-eral Reserve System was established, throughDecember 1941.
To bring together for the period since 1941the most important series in that volume, torevise the data previously published, and topresent new series, the Board is publishing aseries of pamphlets. Most of these pamphletscorrespond to sections in Banking and Mone-tary Statistics, but some may cover new sub-jects. Most of the data included in thesepamphlets have already been published in the
Federal Reserve Bulletin, and current figuresfor most of the series are published in it eachmonth. In some instances, however, the typeof presentation may vary considerably fromthat in the Bulletin.
This is one of the new pamphlets. As inBanking and Monetary Statistics, there is abrief description of the purpose and history ofthe data, the sources of the figures and themethods by which they were compiled, andother facts to guide the reader in using thefigures. Much of the information that is cus-tomarily included in footnotes to tables hasbeen incorporated in the text. Footnotes havebeen used for the most part to call the reader'sattention to any lack of comparability of itemsover the period covered.
Washington, D. C.
October 1962
Board of Governorsof the Federal Reserve System
Price per copy, 35 cents.
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Contents
Page
INTRODUCTION 1
CONSOLIDATED CONDITION STATEMENT 2
The Component Statements 2The Consolidation Process 3Composition of Items 4Sources of Discrepancies 4
MEASURES OF THE MONEY SUPPLY 5
Types of Deposit Holders 6Timing of Data 7Eliminating Duplication 7Seasonal Adjustments 7Comparative Levels 8
NUMBER AND CLASSIFICATION OF BANKS 8
Classification 9Coverage and Changes in Coverage or Classification 10
TABULAR COMPARISION OF MONEY SUPPLY SERIES 12
TABLES:
1. Consolidated Condition Statement for Banks and the Monetary System,Varying Dates, 1941-60 14
2. Money Supply and Related Data, Varying Periods, 1947-60 203. Principal Assets, Liabilities, and Number of Banks:
A. Commercial and Mutual Savings Banks, Varying Dates, 1941-60 23B. Commercial Banks, Varying Dates, 1941-60 26C. Mutual Savings Banks, June and December Call Dates, 1941-60 29
4. Number and Deposits of Commercial and Mutual Savings Banks,by Class of Bank, June and December Call Dates, 1941-60 30
5. Changes in the Number of Commercial Banks, by Class of Bank andby Character of Change, 1941-60 32
6. Number of Banks on the Par List and not on the Par List, by Federal ReserveDistrict and by Class of Bank, 1941-60 34
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Banks and the Monetary System
THE BANKING AND MONETARY SYSTEM pro-vides the economy with a unique source ofliquidity and a means of payment and servesas a major channel for the movement of savingsfunds into investment. Because of the impor-tance of these functions to the economy, in-formation about the nature and behavior ofbank credit and money is essential to an under-standing of economic developments.
Primary responsibility for regulating theflow of bank credit and money in the UnitedStates is vested in the Federal Reserve System.The discharge of this responsibility requiresdetailed, accurate, and current information con-cerning the economic situation in general andthe workings of the banking and monetary sys-tem in particular. Consequently, the FederalReserve System over the years has continuallysought to improve the quality of the basicmonetary data collected and of the analyticalmeasures constructed from these data.
Since the publication of Banking and Mone-tary Statistics in 1943, numerous revisions andanalytical reformulations of the reported datahave been undertaken. The most recent wasthe revision of the daily-average money supplyseries in 1962. Further revisions and improve-ments are to be expected in the future. Thepurpose of publishing this section at the presenttime is to provide in one place a consolidationof all the changes that have been made in theseries over the last two decades and to providea convenient reference point for future changes.
The most important advance in the availabil-ity of basic monetary data during the past twodecades has been the introduction of three newstatements in which banking and monetarydata are consolidated. One is the consolidatedcondition statement of the banking and mone-tary system, introduced in 1948 (Table 1). In
that statement the asset, liability, and capitalaccounts of the private banking system—thecommercial and mutual savings banks—arepresented consolidated with the assets, liabili-ties, and capital accounts of the monetary sys-tem—the Federal Reserve Banks, the ExchangeStabilization Fund, the Postal Savings System,and the gold and Treasury currency accounts.From this statement can be obtained a pictureof the banking and monetary system of theUnited States as a whole and of the channelsthat connect the banking and monetary insti-tutions of the country with the Federal ReserveSystem.
Secondly, in 1960 the Federal Reserve intro-duced a new measure of the money supply,based on averages of daily figures, to supple-ment for certain analytical uses the series onthe money supply that had been appearing asan adjunct to the consolidated condition state-ment. The new daily-average money supplyseries, as revised in 1962, is shown in Table 2;the old money supply series, related to theconsolidated condition statement and calculatedfor a single date each month, appears in Table 1.
A third, more comprehensive method ofpresenting financial data developed by theBoard in recent years is the series of flow offunds accounts, which present financial flows,as well as assets and liabilities, not only forthe banking system but also for other majorsectors of the economy—nonbank financialinstitutions, nonfinancial businesses, consumers,governments, and the rest of the world.1
There has also been a major improvementin the basic data collected from the private
1 A comprehensive description of the concepts, methodology,and statistical information contained in these flow of fundsaccounts is set forth in Flow of Funds in the United States,1939-1953 (Board of Governors of the Federal Reserve Sys-tem, 1955). These data are published on a quarterly basis inthe Federal Reserve Bulletin.
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banking system. Up to 1947 there were nocompletely consistent figures for all commercialand mutual savings banks by class. TheComptroller of the Currency, the Board ofGovernors of the Federal Reserve System, andthe Federal Deposit Insurance Corporationwere compiling somewhat different balance-sheet statistics for banks. In that year thethree agencies worked out an arrangement forthe Federal Deposit Insurance Corporation tocompile a uniform series of statistics for allbanking institutions. Such uniform data werefirst released semiannually. Beginning in April1961 information has been reported on aquarterly basis for all insured banks. Drawingupon these integrated data and earlier historicalrecords, in April 1959 the Board of Governorspublished a set of revised commercial andmutual savings bank series, prepared with theactive collaboration of the other two Federalagencies. The program also received the coop-erative interest and support of State banksupervisors.2
CONSOLIDATED CONDITION STATEMENT
The consolidated condition statement (Table1) first appeared as a part of a study of moneyflows in an article in the January 1948 FederalReserve Bulletin; since June 1949 the state-ment has been published regularly in theBulletin*
The consolidated condition statement is a bal-ance sheet of the monetary system as a whole,showing the asset, liability, and capital accounts
2 The historical banking data published in this section havenot been revised to reflect the changes embodied in the newcommercial and mutual savings bank series, and consequentlysome minor differences exist between the two.
For further discussion of the development of the statisticsand for data for years before 1941, see the following publica-tions of the Board of Governors of the Federal ReserveSystem: Banking and Monetary Statistics (1943), Section I,and All-Bank Statistics, United States, 1896-1955 (1959).
3 The composition of a few items in the consolidated condi-tion statement differs slightly from the description in thearticle by Morris A. Copeland and Daniel H. Brill, "BankingAssets and Money Supply Since 1929" (pp. 24-32 of theJanuary 1948 issue of the Bulletin). Stock of Federal ReserveBanks held by member banks is included in other securitiesand in capital and miscellaneous accounts, net, and balancesof the Postal Savings System and the Exchange StabilizationFund with the U.S. Treasury are netted against capital andmiscellaneous accounts, net, instead of against U.S. Govern-ment deposits and Treasury cash.
of all commercial and mutual savings banks inthe United States, Federal Reserve Banks, thegold and Treasury currency accounts and theExchange Stabilization Fund (except for theseaccounts the Treasury is not included as a partof the monetary system), and the Postal Sav-ings System.4 The consolidated assets of allbanks and the monetary system consist of themonetary gold stock, the item of Treasury cur-rency (a major component of which is themonetary silver stock), and earning assetsheld in the form of loans, U.S. Governmentsecurities, and other investments. The principalliabilities are the currency outside banks andbank deposits owned by others than banks. Inthe process of consolidation most transactionsamong the components are eliminated, forexample, interbank deposits and interbankloans.
The component statements. The componentparts of the consolidated condition statementare consolidated statements for each of thesegroups or accounts. The following paragraphsdescribe the nature of the statements.
Commercial and mutual savings banks. The con-solidated statement of commercial and mutual savingsbanks (Table 3-A) is based largely on weekly report-ing member bank figures and on the semimonthlyreports of deposits, loans, and investments receivedfrom all other member banks. Monthly data for non-member banks are based on estimates. Call reportdata are used as benchmarks, and figures are partiallyestimated except on December and most June calldates. Estimates are prepared semimonthly, but upto the present the midmonth data have not beenpublished in the Bulletin, but they appear in theBoard's release, "Assets and Liabilities of All Banksin the United States" (G.7).
Federal Reserve Banks and the gold and Treasurycurrency accounts. The need for including in theconsolidated statement for the banking system datafrom the Federal Reserve System and the Treasuryarises from the fact that both institutions are im-portant sources of money held by the public. Thepertinent statistics concerning the Federal ReserveBanks are drawn from the consolidated statement ofcondition of all Federal Reserve Banks, which isprepared and published weekly as a part (H.4.1a)of the release entitled "Factors affecting BankReserves and Condition Statement of F. R. Banks"and also published in the Bulletin. The basic statistics
4 For coverage and classification of banks, see pp. 8-11.
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relating to the monetary functions of the Treasuryare released in the Circulation Statement of UnitedStates Money issued monthly by the Treasury. Be-cause of the interrelated nature of monetary trans-actions and accounts involving both the Treasury andthe Federal Reserve Banks, and the effects of manysuch operations upon bank reserves as well as uponpublic holdings of money, a report combining the twounderlying statements is issued weekly as anotherpart of the release referred to above (H.4.1). Thistoo is published in the Bulletin. This combined reportserves as an alternative source of the ingredient ac-counts for the consolidation of Treasury and FederalReserve operations into the consolidated conditionstatement of the entire banking system.
The Exchange Stabilization Fund. The ExchangeStabilization Fund was established under the GoldReserve Act of 1934. Because this Fund is involvedin various Treasury operations in the internationalmonetary field and because it operates with gold, it isincluded within the accounting structure of the mone-tary system. The quarterly balance sheet of the Fundis published in the Treasury Bulletin; monthly dataare received by the Board directly from the Treasuryfor the consolidated statement.
The Postal Savings System. The Postal SavingsSystem has been in operation since 1911. Summarydata of the assets and deposits of the System arepublished in the Annual Report of Operations of thePostal Savings System for each fiscal year. Monthlyestimates of the principal items are received by theBoard directly from the Post Office Department.
The consolidation process. As indicatedearlier, the balance sheet of the banking andmonetary system is a consolidation rather thana combination of the accounts of the com-ponents. In the process of consolidation mostof the relationships among the components areeliminated. The purpose of the statement is toemphasize the relationship of the monetary sys-tem as a whole to the rest of the economy.For example, the financial aspects of thisrelationship are isolated by offsetting certaintangible assets, such as bank premises, furnitureand fixtures, and other miscellaneous assets,against miscellaneous liabilities in a separateitem (capital and miscellaneous accounts, net).
The consolidation process does not adhereto usual accounting procedures in all instances.Some deviations from conventional methods arenecessary in order that the consolidated totalsmay agree with some of the important pub-lished measures of bank credit, deposits, Treas-
ury currency, and Treasury cash. Certainasset and debt relationships are not eliminatedbut rather are carried forward to the consoli-dated account. In some instances these uncon-solidated items are recorded on both the assetand liability sides of the consolidated account.In other instances they are recorded as liabili-ties and negative offsets against liabilities.
In addition, a few accounts are eliminatedthat do not represent transactions betweencomponents of the monetary system. However,the amounts in these accounts are generallysmall and stable. These and other importantdeviations from a theoretically pure consolida-tion procedure are discussed in more detailbelow.
Intersector and intrasector consolidation. The rela-tionships eliminated in consolidation include memberbank reserves, interbank deposits and loans, and intra-sector currency holdings. Member bank reserves arepart of the currency and deposit assets of the commer-cial and mutual savings bank sector and are eliminatedin consolidation by also removing Federal Reserve* lia-bilities for such reserves. Other claims eliminated inconsolidation are interbank deposits and interbankloans. All of these items represent relationships thatcan be specifically identified. However, paired itemsare not usually of the same size on the books of thedebtor and the creditor. These differences, usuallyarising from differences in timing of the two reports,contribute to the discrepancy in the consolidatedaccount. The discrepancies are not shown separatelybut are incorporated in the item, capital and mis-cellaneous accounts, net.
Some intersector claims cannot be specificallypaired off for elimination in the consolidation process.Elimination is accomplished by adding all such lia-bilities not identified by holder (other liabilities ofbanks, other Federal Reserve accounts, other liabili-ties of the Postal Savings System, and liabilities ofthe Exchange Stabilization Fund) and offsetting themagainst the assets not identified by sector of liability(other assets of the banks, Federal Reserve float, andspecial cash accounts and receivables of the PostalSavings System and of the Exchange StabilizationFund). This process yields essentially the same totalas would be achieved in a specific consolidationprocess.
Some intersector claims are not eliminated in con-solidation. Federal Reserve stock, an asset of themember banks and a liability of the Federal ReserveSystem, is carried to the consolidated account whereit is recorded as an asset and also as a miscellaneousliability. This treatment has been followed from thebeginning of the series to keep the item, other securi-ties, in the consolidated statement consistent with the
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item, other securities, in the commercial and mutualsavings bank series.
Similarly, the gold reserve underlying United Statesnotes, which is both an asset and a liability of theTreasury monetary funds, is retained in the consoli-dated account. It is included there as part of theTreasury currency assets and as part of the currencyliability of the sector shown under Treasury cash.It is also included in the asset item, gold stock, andthe liability item, currency in circulation, and is,therefore, recorded a second time in the consolidatedstatement in the items, gold stock and currency out-side banks. Although this results in double counting(in 1960 a constant $156 million), the consolidatedstatement items, gold stock and Treasury cash, arekept consistent with published figures for bank re-serves and related items, gold stock, and Treasurycash holdings.
Special treatment. Special treatment is also ac-corded some relationships with other sectors—thegold holdings (that is, the "active" gold) of the Ex-change Stabilization Fund, the deposits of domesticbanks in foreign banks, currency held by banks interritories and possessions of the United States, anddeposits of the Postal Savings System and the Ex-change Stabilization Fund with the Treasury.
The nonmonetary gold held by the ExchangeStabilization Fund (included in the Fund's specialcash accounts and receivables)—the active gold—is agold asset of the monetary system not included inthe monetary gold stock. However, it is classed inthe consolidated sector account as a negative lia-bility rather than as an asset and is included in theitem, capital and miscellaneous accounts, net.
Deposits of commercial banks in foreign banks arenot recorded as assets of the consolidated accountbut are deducted from deposits of foreign banks indomestic commercial banks and Federal ReserveBanks to yield the item, foreign bank deposits, net.
Banks in territories and possessions of the UnitedStates are not part of the banking sector, and cur-rency held by them is not automatically eliminatedfrom currency liabilities in the process of consolida-tion. Therefore, to conform to the traditional serieson currency outside banks, which excludes currencyheld in banks in such territories and possessions, suchitems are excluded from the currency liabilities of themonetary system (that is, from the item, currencyoutside banks) and are included instead in the item,capital and miscellaneous accounts. The amount in-volved is small; it was about $20 million as of De-cember 31, 1960.
Deposits of the Postal Savings System and the Ex-change Stabilization Fund with the Treasury are notrecorded under assets in the consolidated statement.They are netted against the item, capital and mis-cellaneous liabilities.
Composition of items. The resulting state-ment, after these consolidations and nettingsare performed, includes, on the asset side,
monetary reserves and bank credit (bank loans,net, and investments), and, on the liabilityand capital account side, essentially the cur-rency and deposits and other debts owed bythe banking system to others.5
The asset side. Gold includes the monetary goldstock; the monetized silver is a component of Treasurycurrency assets. In addition to the monetary silvercomponent of Treasury currency assets, the Treasurycurrency item includes the gold reserve againstUnited States notes, deposits made with the Treasuryfor the redemption of Federal Reserve Bank notesand national bank notes, and the credit of the UnitedStates securing both minor coin in circulation and thatpart of the United States notes outstanding not backedby the gold reserve. The remaining assets representloans (net of bad debt reserves) and investments inFederal obligations, State and local obligations, andcorporate securities.
The liabilities and capital account side. The bank-ing system's net liability for deposits and currency,the capital accounts of commercial banks, and mis-cellaneous liabilities make up the other side of thestatement. Currency outside banks excludes domesticbank vault cash and currency held by banks in ter-ritories and possessions of the United States. Demanddeposits adjusted exclude interbank demand depositsand U.S. Government demand deposits and are netof cash items in the process of collection. Time de-posits adjusted exclude U.S. Government and inter-bank time deposits and Postal Savings System bal-ances with banks. Treasury cash includes the Treasury'sworking cash balance of currency and coin, the bal-ances in the gold and silver general funds (the "free"gold and silver), and the gold reserve against UnitedStates notes.
The capital account and miscellaneous liabilitiesitem includes paid-in capital and other capital ac-counts of commercial banks and Federal ReserveBanks, reserve accounts of mutual savings banks,the amounts owed by commercial banks to theirforeign branches, the liability of the monetary systemfor currency and deposits held by banks in the ter-ritories and possessions of the United States, thecapital stock of the Exchange Stabilization Fund, andother miscellaneous liabilities of the monetary system.Also it has been reduced by certain asset itemscarried in the consolidated account as negative lia-bilities—Federal Reserve float, the active gold anddeposits of the Exchange Stabilization Fund withthe Treasury, and the discrepancies arising when itemsthat should offset each other exactly are not equal.
Sources of discrepancies. In the process ofconsolidating the asset and liability accounts
5 For further detail on these items than that given in thisdescription, see "Member Bank Reserves and Related Items,"Section 10 of Supplement to Banking and Monetary Statistics.
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for the components of the banking and mone-tary system, discrepancies arise when items thatshould offset each other exactly differ inamount because the reporting procedure doesnot allow for the lapse of time necessary tocomplete the recording of certain interbanktransactions or because the reports are notrendered on the same date. In addition, clericaland reporting errors of various kinds are nodoubt responsible for some of the differencesbetween the various reported items.
Time lag. The liability item of member bank re-serves, as it appears on the books of the Federal ReserveBanks, is larger than the amount the banks report asan asset item, reserves with Federal Reserve Banks,because of the time lag between the book entries ofthe member banks and the Federal Reserve Banks.
Similarly, at June and December call dates, whenthe classification of loans is reported and tabulatedfor all banks, the amount of loans to banks reportedby the banking system frequently is larger thanreported borrowings by banks. The main causes ofa difference in this direction appear to be (1) at theclose of business on a call date the borrowing ac-counts of banks paying off obligations during the dayhave been reduced by the amount of the repayments,but corresponding entries cannot be made on thebooks of the lending institutions until payment is re-ceived, which is sometimes the next day or later; and(2) loans by U.S. banks to banks in foreign countriesare appropriately included in loans by the U.S. mone-tary system, but there is no offsetting item of bor-rowing within the system.
On the other hand, some factors tend to offset theexcess of reported loans over reported borrowings.For example, a part of the borrowings may be fromnonbanking institutions. If so, that portion of theborrowings should remain as a liability instead ofbeing eliminated in the consolidated statement, butthe amount of such outside borrowings, if any, isunknown. Also, until October 11, 1957, when instruc-tions were revised, sales of securities under repurchaseagreements were reported as borrowings by thecreditor banks, while purchases of securities underresale agreements were reported as securities heldby the debtor banks; hence there were no offsettingfigures in their loan accounts.
Reporting dates. Another source of discrepancyis the use of last-Wednesday-of-the-month data forcommercial banks, Reserve Banks, and Treasury ac-counts (except for December and most June calldates), and of last-business-day-of-the-month data formutual savings banks and Exchange StabilizationFund accounts, and, through June 30, 1956, for thePostal Savings System accounts. Beginning withJuly 1956, data for the Postal Savings System arereported as of Friday every four weeks. However,
the dollar volume of most postal savings items issmall and is declining monthly. Consequently round-ing may eliminate most of the discrepancy.
MEASURES OF THE MONEY SUPPLY
Money performs the essential economic func-tions of providing a medium of exchange, areadily available store of value, and a standardof value. Monetary transactions and the finan-cial instruments used in effecting them take avariety of forms, and many types of claimsother than currency and demand deposits mayserve to provide part of the public's totalliquidity requirements. However, the only in-struments that perform all of the functions ofmoney are the public's holdings of coin, cur-rency, and demand deposits in banks.
This concept of the money supply does notdeny the significance of time deposits or ofother types of savings instruments or, for thatmatter, the importance of changes in the pub-lic's holdings of less liquid assets. Even themost liquid of these other types of assets, how-ever, must generally be converted into money,as defined here, before being used in economictransactions.
The stock of money is constantly beingextinguished through the payment of debts atbanks, and new money is being created throughthe extension of new bank credits. The volumeof money that the public chooses to hold—inits pockets, in tills, and in deposit accounts—varies from time to time relative to its holdingsof other assets and to the total volume ofexpenditures in the economy. Public demanddetermines the proportion of the money supplyheld in the form of currency and the propor-tion held on deposit in banks.
The Federal Reserve System has primary re-sponsibility for regulating the total volume ofmoney available to meet the public's demands.In performing this function the System requiresan accurate, frequent, and promptly availablemeasure of the money supply. Throughout itsexistence the Federal Reserve has collectedand published data on the money supply.
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The first long-term series on the moneysupply used by the Federal Reserve was thatpublished in Table 9 of Section 1 of Bankingand Monetary Statistics. This table shows datafor both demand and time deposits of banksand for currency for June call dates for theperiod 1892-1922 and for June and Decembercall dates for 1923-41. Data for later yearshave appeared regularly in the Bulletin.
In early 1948 the Board of Governors re-leased the first materials on the consolidatedcondition statement for the banking system.This statement related currency and depositliabilities of the banking system to bankingassets. A year later the Board began to pub-lish data for the consolidated statement eachmonth. Data on the money supply, previouslyavailable only for call dates, were thereafteralso available as a part of this consolidatedstatement.
Each of these measures of the money sup-ply and related items was as of a single date.Although there are advantages in being ableto relate the components of the money supplyto specific dates for purposes of comparisonwith other financial variables similarly meas-ured, statistics as of a single date are subjectto variabilities which complicate interpretation.
To provide a more refined measure for usein analyses focusing essentially on the per-formance of the money supply itself and on itsrelation to aggregate flows or other variablesrelatively free of the hazards of single-datemeasurement, the Board in late 1960 intro-duced a new measure of the money supplybased on averages of daily figures. Some furtherrefinements of this average series were publishedin the summer of 1962. The following sectionsdescribe this new series (Table 2), and indicatehow a number of conceptual and technicalchanges that were made in it have resulted inmodest differences from the historical single-date series. The single-date series continues tobe useful for such purposes as comparisons withassociated levels and movements of particularbank assets and nonbank financial claims. To
facilitate this type of use, the single-date seriesis shown adjacent to the other components ofthe consolidated condition statement of thebanking system in Table 1.
The Federal Reserve Board's quarterly flowof funds accounts include a single-date meas-urement of the money supply that is identical indefinition to the daily-average series. In theflow of funds accounts the tables on the com-mercial banking and monetary authorities sectorshow demand deposit and currency liabilitiessubdivided into three categories: due to theU.S. Government, due to the rest of the world,and due to others. The sum of the entries fordue to the rest of the world and due to others isidentical in coverage to that of the daily-averageseries: both series include foreign balances withFederal Reserve Banks, which are excludedfrom the single-date series. A detailed com-parison of the coverage of the flow of fundsseries, the monthly single-date series, and themonthly daily-average series is given in the tableon page 12.6
Types of deposit holders. The daily-averageseries—like the single-date series—defines themoney supply as the total of the public's hold-ings of coin, currency, and demand depositsin banks. The two series differ in coveragelargely in their treatment of demand depositsand vault cash of certain types of institutionsand their treatment of banks and branches interritories and possessions.
The daily-average series, like the single-dateseries, includes demand deposits held in com-mercial banks by financial institutions, such assavings and loan associations and life insurancecompanies. However, the daily-average seriesincludes in addition demand deposits at com-mercial banks due to mutual savings banks,banks in U.S. territories and possessions, andforeign banks. It also contains foreign demanddeposits at Federal Reserve Banks, including
6 For a comprehensive description of the flow of fund series,see the source cited in note 1 on page 1. For a more detailedaccount of the differences between the other series than thatgiven below, see "A New Measure of the Money Supply"{Bulletin, October 1960, pp. 1102-23) and "Revision of MoneySupply Series" {Bulletin, August 1962, pp. 941-44).
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those due to foreign governments, central banks,and international institutions. These depositsare excluded from the single-date series.Amounts due to these institutions representcash available for investment in much the sameway as balances of other financial institutionsand involve no duplication of funds held byothers.
The daily-average series includes currencyheld by financial institutions other than domes-tic commercial banks, thus paralleling the treat-ment of the demand deposits owned by suchinstitutions. The single-date series, on theother hand, excludes the vault cash of mutualsavings banks and currency held in the posses-sions of the United States. Both series excludecash held in the vaults of domestic commercialbanks.
Both series exclude commercial interbankdeposits, because such deposits involve doublecounting; deposits "due to" commercial banksare matched by "due from" accounts at othercommercial banks and the two accounts canceleach other when the statements of all com-mercial banks are consolidated.
Both series also exclude deposits of the Fed-eral Government but include those of Stateand local governments. U.S. Government de-posits are excluded primarily because thesedeposits do not represent money in the handsof the public and have little influence on theexpenditures of the Federal Government. How-ever, deposits of State and local governmentsexhibit economic characteristics not unlike de-posits of large private economic entities.
Timing of data. The daily-average series ispresented in Table 2 on both an annual andmonthly basis for ready comparison with otherfinancial statistics reported for similar periods.The series is available in the Bulletin asmonthly and semimonthly averages. Weeklydata are also published for recent years buthave not yet been adjusted for seasonal varia-tion.
Data in the single-date series on the moneysupply refer to the last Wednesday of the month
except in December and for most June dates,when call report data are used.
Eliminating duplication. In the daily-averageseries duplication has been reduced still furtherthan it has been in the single-date series. Inthe daily-average series both cash items inprocess of collection, as reported on the booksof the banks, and Federal Reserve float, derivedfrom Federal Reserve statements, are deducted,whereas only cash items in process of collectionare deducted from the single-date series.
Unadjusted or gross deposit figures containa sizable element of duplication because checksare added to the accounts of payees before theyare subtracted from the accounts of issuers.Deducting cash items in the process of collec-tion, as recorded on the books of commercialbanks, makes a partial correction for thisdouble counting. An additional adjustmentis made by deducting Federal Reserve float,which represents items in the process of col-lection by Federal Reserve Banks. A study offloat indicated that an important proportion ofthese items arises from causes that lead to ap-propriately deductible float. Both of these ad-justments for double counting in the gross de-posits figures tend to overcorrect the figuressomewhat, but they improve the adjusted seriesas an unduplicated measure of deposits.
Although these changes improve the series,the problem of duplication has not been fullysolved either statistically or conceptually. Theresidual duplication, however, does not appearlarge enough, nor are changes in it greatenough, to impair the usefulness of the datafor most analytical purposes.
Seasonal adjustments. Seasonal adjustmentsto the money supply series remove the normalseasonal movements in demand deposits andcurrency holdings of the public, thus making iteasier to see any unusual changes in these itemsand in the total money supply.
Daily-average series. Average demand depositsnormally rise to a seasonal peak in the second halfof December, declining thereafter through the firstquarter, and reaching a seasonal low in the secondhalf of May. Seasonal movements in demand deposits
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have changed substantially in the postwar period. Amajor influence was the provision for speeding upFederal corporate income tax payments, which beganin 1951 and which was completed in 1960. Anotherfactor was the shift from March 15 to April 15 inthe date for final settlement by individuals of theirFederal income tax payments.
The seasonal movements in currency held by thepublic are not quite so strong as those in demanddeposits. Currency's low point comes in the secondhalf of February; it rises to a seasonal high in thesecond half of December.
The daily-average data are seasonally adjusted byratio-to-moving-average methods. Seasonal factors fordemand deposits were derived by a method longused by the Federal Reserve, in which judgmentas well as mechanical computation is employed.Factors for the currency component were derivedby Census Method II, utilizing an electronic com-puter.7
Single-date series. The amplitude of seasonal move-ments in the single-date series is greater than thatin the daily-average series. Demand deposits in thisseries normally rise to a seasonal peak in Decemberand decline thereafter to a seasonal low near theend of March. The months in which variations inthe date of the last Wednesday appear to affectsignificantly the level of demand deposits in the handsof the public are March, June, October, andDecember. In March adjustments are made whenthe last Wednesday falls on the 30th or 31st, largelybecause April 1 is the date for the assessment of thepersonal property tax in Cook County, Illinois, andmany individuals and businesses reduce their bankdeposits temporarily and put their funds in otherassets, particularly short-term U.S. Government se-curities. Adjustments for December are made whenthe last Wednesday is affected by large withdrawalsover the Christmas holiday and by the sharp year-endrise that partly reflects window dressing by businessesfor their annual statements. Small adjustments indeposits are also made for June and October.
Currency in the hands of the public also tends tovary with the date on which the last Wednesday falls.Most of the special adjustments in this series aremade for months in which the last Wednesday is aholiday or the day before a holiday, e.g., Christmas,Thanksgiving, or Memorial Day.8
7 For descriptions of these methods, see "Adjustment forSeasonal Variation" (Bulletin, June 1941, pp. 518-28), andJulius Shiskin, Electronic Computers and Business Indicators,Occasional Paper 57, National Bureau of Economic Research,New York, 1957. The Method II computer program wasadapted wherever necessary to apply to semimonthly as wellas monthly data. For further details on the seasonal ad-justment process and the seasonal factors used, see "Revisionof Money Supply Series," cited earlier.
8 For further details on the adjustment process and for theseasonal factors used, see "Revised Series for SeasonallyAdjusted Money Supply" (Bulletin, February 1960, pp. 133-36). The special adjustment in the seasonal factor forMar. 30, 1960, shown on p. 135, note 3, of that article hasbeen revised from —0.9 to —0.5. The new factor is 97.9.
Comparative levels. The daily-average seriesis considerably higher than the single-dateseries, but the difference in the general levelsof the two series is relatively stable. Thisdifference reflects mainly the net effect ofadding commercial bank demand deposits dueto mutual savings and foreign banks to thedaily-average series, of deducting Federal Re-serve float, and of adding foreign balances atFederal Reserve Banks.
Short-term movements in the two seriesoccasionally show significant differences. Thesedifferences reflect principally the wide fluctua-tions in single-date figures. Some of these vari-ations are characteristic of particular days ofthe week or of the month; some are due tothe influence of holidays, some to the incidenceof tax or dividend payment dates; some mayat times reflect weather conditions. The use ofaverages of daily figures—whether for a month,a half month, or a week—smooths most ofthese differences.
The table on page 12 compares the cover-age and treatment of some of the data usedin the two series. The coverage and treatmentof the same data in the flow of funds accountsare included for reference.
NUMBER AND CLASSIFICATIONOF BANKS
The nongovernmental part of the bankingsystem of the United States is made up ofthousands of separate institutions, some char-tered by the Federal Government, some by theStates. In addition, there are some privatebanks, about 85 in 1960, but they are now fewin relation to the total number of banks andthey hold a negligible portion of total bankassets. These institutions, although more nu-merous in earlier years, were excluded frommany of the previous series. For example, theywere excluded from Table 14 of Banking andMonetary Statistics but are included in theotherwise comparable Table 5 here.
In these series, a private financial institutionis included as a bank if it accepts deposits from
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the general public or if it conducts principallya fiduciary business. This definition conformsto the definition used by the Comptroller of theCurrency, the Federal Deposit Insurance Cor-poration, and the Board of Governors of theFederal Reserve System in the commercial andmutual savings bank statistics published begin-ning with 1947. Under this definition certaintypes of banks previously excluded, such asprivate banks, were thereafter included, andthere were some changes in classification. Butthe changes had little effect on data for theyears 1941-46 shown in this section.9
The definition of a bank underlying the datafor the years before 1947 is "a financial institu-tion which accepts money from the generalpublic for deposit in a common fund, subject towithdrawal or transfer by check on demand oron short notice, and makes loans to the generalpublic." Under both definitions building andsavings and loan associations, personal loanand other small-loan companies, credit unions,mortgage companies, sales finance companies,insurance companies, Federal Reserve Banks,and credit agencies owned in whole or in partby the Federal Government are excluded.
In arriving at the number of banks, the unitis a single bank, including any branches;branches are not counted separately. However,banks joined through ownership or control bya common holding company are counted asseparate banks.
Classification. In this section banks (otherthan Federal Reserve Banks) are classified inthree ways: by supervisory jurisdiction; byfunction, that is, broadly by the type of depositbusiness handled; and by whether they chargeor do not charge for clearing checks. Classi-fication by supervisory jurisdiction dependspartly on the incorporation of the bank, whetherunder Federal or State law; partly on whetherthe bank is a member in the Federal ReserveSystem; and partly on whether its deposits areinsured (Tables 3-6).
9 For complete descriptions of the types of institutionsincluded and of those excluded, see the 1956 Annual Reportof the Federal Deposit Insurance Corporation, pp. 88-89.
National banks. National banks are incorporatedunder Federal law and operate under the supervisionof Federal authorities only. All national banks inthe United States are required by law to be membersof the Federal Reserve System and of the FederalDeposit Insurance Corporation.
State member banks. Banks organized under Statelaws may be admitted to membership in the FederalReserve System upon complying with certain pre-scribed conditions. State member banks of the FederalReserve System, with minor exceptions, are requiredto be members of the Federal Deposit InsuranceCorporation. State member banks are subject to bothFederal and State supervision.
Insured nonmember banks. State banks that arenot members of the Federal Reserve System may beadmitted to Federal deposit insurance upon meetingcertain prescribed conditions. These banks also aresubject to both Federal and State supervision.
Noninsured banks. These banks do not come underFederal supervision. They include banks charteredunder State laws, which are subject to State super-vision, and private banks, which are generally notsupervised by any banking authority.
Broad classification of banks by functionbased on the type of deposit business they pri-marily conduct divides banks into two cate-gories: commercial banks and mutual savingsbanks (Table 3).
Commercial banks. Commercial banks are bankswhose business includes the holding of checkingaccounts and other deposits subject to withdrawal ondemand, and the making of short-term, self-liquidat-ing loans to commerce, agriculture, and industry.(They may also, and usually do, hold time and savingsdeposits as well.) Commercial banks include bothFederally chartered and State-chartered institutions.The second group includes State commercial banks,nondeposit trust companies, stock savings banks, in-dustrial banks, and cash depositories. Private banksalso fall into this category. Most commercial banksare Federally insured, some are not.
Mutual savings banks. With a few minor excep-tions, mutual savings banks carry only savings andother time deposits, and they invest their funds pri-marily in mortgage loans and securities. All of themare State-chartered institutions, and they exist in onlya few States; most are in the northeastern section ofthe United States. Many are Federally insured.
The Federal Reserve Act provided for asystem of check collection through FederalReserve Banks to eliminate the undue expenseand delay which up to that time were involvedin check collections in nearly all parts of thecountry. Under this system the Federal ReserveBanks receive and forward for payment checks
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drawn on member banks, all of which arerequired to remit at par, and on those non-member banks that have agreed to remit at par.
Par list. The statistics of banks on the par list andnot on the par list (Table 6) include all banks onwhich some checks are drawn, except for the fewmutual savings banks that carry demand deposits,and exclude banks on which no checks are drawn.Banks on the par list include all member banks andthose nonmember banks that have agreed to remitat par. Banks not on the par list are nonmemberbanks that have not agreed to pay without deductionchecks forwarded for payment through the FederalReserve Banks. Checks on such banks are not col-lectible through the System. The total number ofnonmember banks in Table 6 differs somewhat fromthe number of nonmember banks shown in othertables of this section largely because Table 6 excludesand the other tables include banks on which nochecks are drawn, principally industrial banks andtrust companies without deposits.
Coverage and changes in coverage or classi-fication. The statistics in this section include allnongovernmental banks in the United States.All banks in Alaska have been included sinceit was admitted to statehood in January 1959,and all banks in Hawaii since it was admittedin August of that year. Their deposits were$172 million and $386 million, respectively,on the call date before admission.
Apart from three national banks that aremembers of the Federal Reserve System, onein Alaska (included since April 1954), one inHawaii (included since April 1959), and onein the Virgin Islands (included since May1957), these tables do not include data forbanks in territories or possessions of the UnitedStates, and therefore the figures differ fromthose published by the Comptroller of the Cur-rency for national banks and by the FederalDeposit Insurance Corporation for insuredbanks. Branches and agencies of foreign banksdoing business in the United States are gener-ally excluded. Assets and liabilities of branchesof domestic banks outside the United States arealso excluded.
All commercial banks include all FederalReserve member banks and all nonmembercommercial banks. Stock savings banks andnondeposit trust companies are included with
commercial banks. During 1941 three mutualsavings banks became members; these banksare included in both member bank figures andinsured mutual savings bank figures. (Onewithdrew from membership in 1960, a secondin 1961, and the third in 1962.) They are notincluded in the total for commercial banks andare counted only once in the total for all banks.One noninsured, nondeposit trust company isalso included in the member bank series. Afew noninsured banks for which asset andliability data are not available are included inthe number of banks.
Beginning with December 1947 the serieswere revised as announced in November by thethree Federal bank supervisory agencies. Atthat time a net of 115 noninsured nonmembercommercial banks with total loans and invest-ments of $110 million were added, and 8 bankswith total loans and investments of $34million were transferred from the noninsuredmutual savings bank to the nonmember com-mercial bank category.
In addition to these specific changes, and theorganization of new banks, the comparabilityof figures for classes of banks is affected some-what by changes in Federal Reserve member-ship, Federal insurance status, mergers, and soforth. The following paragraphs describe indetail the various types of changes (Table 5).
A primary organization represents the charteringof a newly organized bank except when the issuanceof a new charter is incident to a consolidation,merger, absorption, succession, or conversion of agoing bank.
A conversion represents the issuance to an activebank of a national charter to supersede a Statecharter under which it has previously been operating,or of a State charter to supersede a national charter.Only simple conversions looking toward permanentoperation under the newly issued charter and involv-ing no other change in status are included in thiscategory. Some conversions are effected merely as anecessary legal step in a consolidation, merger, orabsorption, the new charter being surrendered shortlyafter the conversion. Such cases are considered con-solidations or absorptions rather than conversionsunless the temporary bank's existence runs over theend of the calendar year. In this event it is countedas a conversion in the year in which the change incharter occurs and as a consolidation, merger, or
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absorption in the year following when the newlyissued charter is surrendered. This is done so that thestatus of changes will agree, insofar as practicable,with the number of banks shown in the year-endabstracts of condition reports.
A suspension represents the temporary or perma-nent closing of a bank to the public by supervisoryauthorities or by the bank's board of directors becauseof financial difficulties.
A reopening of a suspended bank represents theresumption of operations of a previously suspendedbank. Even if the bank reopens with a new name anda new charter, the action is still classed as a reopeningrather than as a primary organization.
A consolidation or absorption represents the cor-porate union of two or more going banks into onebank that continues under a single charter, eithera new or old one. The term is used in an economicrather than a legal or technical sense, the essentialconsideration being that the business of two or moregoing banks becomes concentrated under one charterand one management. Banks absorbed by other banksand converted into branches are counted as consoli-dations or absorptions. The classification also includescases in which two or more banks absorb anotherbank and then distribute its business among them-selves or in which the assets and liabilities of aweak bank are transferred to another bank to avoid
suspension. The banks that go out of existenceor are converted into branches because of con-solidations or absorptions are counted; the continuingor absorbing banks are not counted.
A voluntary liquidation represents the voluntarydiscontinuance of operations and the surrender of itscharter by an active bank. However, voluntary liqui-dations legally incidental to conversions, consolida-tions, or absorptions are included in one of thosecategories, not in this one. For example, if a banktransfers most or all of its assets to another bankunder an agreement whereby the second bank assumesits liabilities, the change is counted as a consolidationor absorption, not as a liquidation.
An admission to or a withdrawal from FederalReserve membership represents a case where aState bank joins or leaves the Federal Reserve Sys-tem. A few State banks are organized with the inten-tion of becoming members before opening for busi-ness. Such banks are counted both as primaryorganizations of nonmember banks and as admissionsto membership under increases in State memberbanks and under decreases in nonmember banks.
Unclassified changes are those changes that cannotbe classified elsewhere because of special circum-stances involved in the change or because of a lack ofessential data.
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TABULAR COMPARISON OF MONEY SUPPLY SERIES
Sector or data
Daily-Average Money Supply Series:Commercial bank demand depositsand currency in circulation outsidethe Treasury, Federal Reserve
Banks, and commercial banks.
Consolidated Condition Statementfor Banks and the Monetary
System (CCS):Demand deposits adjusted and
currency outside banks.
Flow of Funds/Saving Accounts:Commercial banking and monetaryauthorities sector; demand deposits,net, and currency liabilities (exclud-
ing "due to U.S. Government").
1. Type of data
2. Timing of data
3. Geographic coverage of data
4. Banks in territories andpossessionsA. Demand balances with
U.S. banks (an asset ofbanks in territories andpossessions)
B. Currency and coin held(as asset of banks interritories and posses-sions)
C. Demand deposit liability(a liability item of banksin territories and posses-sions)
5. Mutual savings banks
A. Demand balances withU.S. banks (an asset ofthe mutual banks)
B. Currency and coin held(an asset of the mutualbanks)
C. Demand deposits (a lia-bility item of mutualbanks)
6. Foreign demand deposits ofindividuals, partnerships,and corporations with U.S.commercial banks
7. Foreign bank demand bal-ances with U.S. commercialbanks
8. Foreign balances with Fed-eral Reserve Banks
9. Federal Reserve float
Average of daily figures for semi-monthly (and weekly) periods.
Opening of day.
United States.Same as CCS.1
Included in demand deposit liabili-ties. (Not deducted as an interbankitem.)
Includedbanks.
in circulation outside
Excluded (except for member banksin Alaska and Hawaii reportingdeposits and related items beforestatehood; see Item 3, CCS).
Excluded. Series covers only com-mercial banks.
Included in deposit liability ofcommercial banks and thus inmoney supply figure.
Included as currency in circulation.
Excluded from commercial bank-ing deposit liability.
Included in deposit component ofmoney supply series (not identi-fied separately).
Included in deposit component ofmoney supply series (not identi-fied separately).
Included as part of deposit com-ponent.
Deducted from gross demand de-posits; therefore lessens the de-mand deposit component.
Last Wednesday of the monthexcept for December and mostJune dates when call report dataare used.
Close of day.
United States.1
Excluded; since the counterpart(due to banks in territories andpossessions by U.S. banks) is sub-tracted from "gross demand de-posits."
Excluded.
Excluded (except for member banksin Alaska and Hawaii reportingdeposits and related items beforestatehood; see Item 3 in thiscolumn).
Included in banking sector.
Excluded; netted out when "de-posits due to banks" are subtractedfrom "gross demand deposits."
Excluded.
Included in demand deposits ad-justed.
Included in demand deposits ad-justed (not identified separately).
Part of "foreign bank deposits,net." The CCS nets "due from"foreign banks against "due to"foreign banks.
Part of "foreign bank deposits,net," except deposits of inter-national agencies.
Entered as a negative item in"capital and miscellaneous ac-counts, net"; does not reducedemand deposits adjusted.
Values on last day in year orquarter and change between dates.
Close of day.
United States.Same as CCS.1
Included in demand deposit liabili-ties. (Not deducted as an inter-bank item.)
Included in currency liabilities ofconsolidated banking system.
Excluded from demand depositliabilities (except for member banksin Alaska and Hawaii reportingdeposits and related items beforestatehood; see Item 3, CCS).
Excluded from commercial bankingsector.
Included.
Included.
Excluded.
Included in demand deposits andcurrency; a liability to rest-of-worldsector.
Included in demand deposits andcurrency; a liability to rest-of-worldsector.
Included as part of demand depos-its and currency; a liability to rest-of-world sector.
Netted against gross demand de-posits; therefore lessens the serieson "demand deposits, net."
1 Banking coverage in the Consolidated Condition Statement is described on pages 8-11.
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1. CONSOLIDATED CONDITION STATEMENT FOR BANKS AND THE MONETARY[Single-date figures; in millions
DateGold
22,62422,737
22,73722,726
22,38821,938
21,17320,619
20,21320,065
20,27020,529
21,26622,754
22,90023,00023,10023,20023,30023,53223,70023,70023,90024,00024,20024,244
24,30024,30024,30024,30024,30024,46624,50024,60024,60024,60024,50024,427
24,40024,30024,20024,20024,20024,23124,20023,80023,50023,30023,00022,706
22,40022,10021,90021,80021,80021,75621,80021,80022,00022,20022,30022,695
Treas-urycur-rencyout-stand-ing
3,1493,247
3,3133,648
4,0774,094
4,1044,131
4,1454,339
4,5394,562
4,5524,562
4,6004,6004,6004,6004,6004,5654,6004,6004,6004,6004,6004,589
4,6004,6004,6004,6004,6004,5974,6004,6004,6004,6004,6004,598
4,6004,6004,6004,6004,6004,6074,6004,6004,6004,6004,6004,636
4,6004,6004,6004,6004,6004,6554,7004,7004,7004,7004,7004,709
Total
61,38764,653
67,93285,693
96,563110,200
125,517140,538
153,992167,381
163,485158,366
156,297160,832
160,700158,700156,800157,200157,600157,958158,600159,200159,500160,000159,900160,457
159,400158,700157,300156,800156,200156,491156,500158,700159,800160,300160,700162,681
162,500161,900161,700162,000162,600164,348164,300165,800166,800167,700168,700171,667
170,500170,700172,100172,100171,300173,447173,300174,300176,400178,300179,400181,323
Loans,net
25,30526,605
25,08023,918
22,23423,566
25,36125,974
27,94830,387
31,57035,765
38,37343,023
43,20043,60043,90044,00044,70045,29945,50046,10047,10047,30048,00048,341
48,20047,80048,10047,10046,70047,14846,50047,20047,90048,10049,00049,604
49,40049,70050,40050,60051,00051,99953,10054,50056,30057,50059,10060,366
60,60061,50062,50062,60062,90063,82163,40064,00065,00065,80066,50067,597
Assets
Bank credit
U.S.
Total
26,98429,049
34,22653,495
66,43479,201
92,609107,003
118,041128,417
122,740113,110
107,873107,086
106,700104,400101,800102,100101,800101,451101,800101,800100,800101,400100,600100,694
99,90099,50097,70098,10097,80097,42897,80099,10099,30099,60099,100100,456
100,40099,30098,00097,90098,10098,70997,50097,20096,00095,80095,20096,560
95,20094,50094,70094,60093,50094,45094,60095,00095,90097,00097,40097,808
Government obligations
Com-mercialand
savingsbanks
23,53925,511
30,29945,951
57,74065,932
75,73785,885
93,655101,288
95,91186,558
82,67981,199
81,40080,00077,60078,30077,90076,77477,30077,00074,20074,90074,30074,097
74,60073,90072,60073,60074,80074,87776,10078,30078,30079,10078,30078,433
79,50078,60077,40077,10077,70077,32076,40075,60073,80073,60072,70072,894
70,80069,80069,30068,90068,40068,72668,90069,20069,70070,80071,50071,343
FederalReserveBanks
2,1842,254
2,6456,189
7,20211,543
14,90118,846
21,79224,262
23,78323,350
21,87222,559
22,00021,00020,90020,40020,60021,36621,20021,50023,30023,20023,00023,333
22,00022,40021,80021,20019,70019,34318,50017,50017,90017,40017,70018,885
17,80017,60017,50017,60017,40018,33118,00018,60019,40019,20019,60020,778
21,50021,90022,60022,90022,30022,98223,10023,10023,50023,60023,20023,801
Other
1,2611,284
1,2821,355
1,4921,726
1,9712,272
2,5942,867
3,0463,202
3,3223,328
3,4003,4003,4003,3003,3003,3113,3003,3003,3003,3003,3003,264
3,3003,3003,3003,3003,2003,2083,2003,2003,2003,1003,1003,138
3,1003,1003,1003,1003,1003,0583,0003,0002,9002,9002,9002,888
2,9002,9002,8002,8002,8002,7422,7002,7002,7002,7002,7002,664
Othersecu-rities
9,0988,999
8,6268,280
7,8957,433
7,5477,561
8,0038,577
9,1759,491
10,05110,723
10,80010,80011,20011,20011,10011,20811,30011,40011,50011,30011,30011,422
11,30011,40011,50011,60011,70011,91512,30012,50012,60012,60012,60012,621
12,70012,90013,30013,50013,50013,64013,80014,20014,50014,40014,50014,741
14,70014,80014,90015,00014,90015,17615,30015,30015,40015,50015,50015,918
Totalassets,net-Totalliabil-itiesand
capital,net
87,16090,637
93,982112,067
123,028136,232
150,794165,288
178,350191,785
188,294183,457
182,115188,148
188,200186,300184,500185,000185,500186,055186,900187,500187,900188,600188,600189,290
188,200187,600186,200185,700185,100185,554185,700187,900189,000189,500189,800191,706
191,600190,800190,500190,800191,400193,186193,100194,200194,900195,600196,400199,009
197,500197,500198,600198,600197,700199,858199,700200,700203,000205,200206,400208,727
Liabilitiesand capital
Totaldepositsand
currency
79,35782,811
86,064104,306
114,812127,959
141,551155,960
168,040180,806
176,215171,657
169,234175,348
175,200173,700171,500171,600172,200172,857173,400174,000174,500175,100175,200176,121
174,900174,400172,600172,000171,300171,602171,500173,800174,400174,900175,300177,313
177,100176,200176,000176,100176,700178,568178,200179,200179,900180,100181,000184,385
182,500182,600183,700183,600182,900185,038184,500185,200187,300189,200190,500193,410
Capitalandmisc.ac-
counts,net
7,8037,826
7,9187,761
8,2168,273
9,2439,328
10,31010,979
12,07911,800
12,88212,800
13,00012,60013,10013,30013,30013,20013,50013,50013,40013,50013,40013,168
13,40013,20013,60013,70013,80013,95214,20014,20014,50014,60014,50014,392
14,40014,60014,60014,60014,70014,61814,90015,00014,90015,50015,30014,624
15,10014,80014,90015,00014,80014,82015,20015,50015,70016,00015,90015,317
1941—June 30Dec. 31
1942—June 30Dec. 31
1943_june 30Dec. 31
1944__jUne 30Dec. 30
1945_june 30Dec. 31
1946—June 29Dec. 31
1947_jUne 30Dec. 31
1948—Jan. 28Feb. 25Mar. 31,Apr. 28May 26June 30July 28Aug. 25Sept. 29Oct. 27Nov. 24Dec. 31
1949—Jan. 26Feb. 23.Mar. 30Apr. 27,May 25June 30July 27Aug. 31Sept. 28Oct. 26Nov. 30Dec. 31
1950—Jan. 25Feb. 21Mar. 29Apr. 26May 31June 30July 26Aug. 30,Sept. 27,Oct. 25Nov. 29Dec. 30
1951—Jan. 31Feb. 28,Mar. 28,Apr. 25,May 30,June 30.July 25,Aug. 29.Sept. 26.Oct. 31Nov. 28.Dec. 31.
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SYSTEM, MONEY SUPPLY, AND RELATED DEPOSITS, 1941-60 — Continuedof dollars]
Money supply
Seasonally adjusted
Total
106,800107,600
109,300110,500
110,800110,600110,500109,500109,500109,600109,400109,600109,400109,900109,300109,000
109,000108,800108,800108,700108,800108,500108,800108,700108,300108,300108,500108,400
109,100109,200109,400110,300111,000111,300111,800112,600112,800113,100113,600114,600
114,200115,200115,100115,600115,600115,900116,800117,400117,800119,100120,400120,200
Cur-rency
outsiae
26,70026,300
26,20026,100
25,90025,80025,80025,60025,50025,50025,60025,50025,60025,60025,40025,300
25,30025,20025,30025,10025,10025,00024,90025,00024,80024,80024,80024,600
24,60024,80024,80024,80024,80024,70024,40024,50024,40024,60024,60024,600
24,70024,70024,60024,80024,80025,10025,20025,30025,30025,40025,50025,400
D e -mand
depositsad-
justed
80,10081,300
83,10084,400
84,90084,80084,70083,90084,00084,10083,80084,10083,80084,30083,90083,700
83,70083,60083,50083,60083,70083,50083,90083,70083,50083,50083,70083,800
84,50084,40084,60085,50086,20086,60087,40088,10088,40088,50089,00090,000
89,50090,50090,50090,80090,80090,80091,60092,10092,50093,70094,90094,800
Not seasonally adjusted
Total
45,52148,607
52,80662,868
71,85379,640
80 94690,435
94,150102*341
105,992110,044
108,485113,597
112,400110,300107,100108,100108,200108,335108,800109,400109,600110,800111,100111,599
110,500108,500106,100107,400107,400107,143108,000108,500108,000109,300110,100111,165
111,000109,200107,800108,900109,700110,225110,900111,900112,500113,800115,200117,670
116,200115,300113,400114,100114,400114,736115,800116,700117,400120,700122,100124,549
Cur-rency
outside
8,2049,615
10,93613,946
15,81418,837
20,88123,505
25,09726,490
26,51626,730
26,29926,476
25,80025,70025,60025,40025,40025,63825,50025,60025,70025,70025,90026,079
25,20025,10025,10024,90025,00025,26624,90025,10024,90024,90025,10025,415
24,50024,70024,60024,60024,70025,18524,40024,50024,50024,60024,90025,398
24,60024,60024,40024,60024,90025,77625,10025,30025,40025,70025,80026,315
D e -mand
depositsad-
justed
37,31738,992
41,87048,922
56,03960,803
60 06566,930
69,05375,851
79,47683,314
82,18687,121
86,60084,60081,50082,70082,80082,69783,30083,80083,90085,10085,20085,520
85,40083,40081,10082,40082,50081,87783,10083,40083,10084,30085,00085,750
86,40084,50083,20084,30085,00085,04086,50087,40088,00089,20090,30092,272
91,60090,60089,00089,50089,50088,96090,70091,40092,00095,00096,30098,234
Related deposits (not seasonally adjusted)
Time
Total
27,87927,729
27,32028,431
30,26032,748
35 72039,790
44 25348*452
51,82953,960
55,65556,411
56,50056,90056,90056,90056,90057,36057,30057,30057,30057,30057,00057,520
57,60057,80058,00058,10058,20058,48358,40058,40058,40058,40058,00058,616
58,70059,00059,30059,50059,50059,73959,40059,10059,00059,00058,70059,246
59,00059,00059,10059,20059,30059,94860,00060,30060,50060,90060,60061,450
Com-mercialbanks
15,92815,884
15,61016,352
17,54319,224
21,21724,074
27 17030,135
32,42933,808
34,83535,249
35,20035,50035,50035,50035,50035,78835,70035,70035,70035,70035,50035,804
35,80035,90036,00036,10036,10036,29236,20036,10036,10036,10035,80036,146
36,10036,30036,50036,60036,60036,71936,40036,20036,20036,20035,90036,314
36,10036,10036,20036,30036,30036,78136,80037,10037,20037,50037,30037,859
Mutualsavingsbanks
10,64810,532
10,39510,664
11,14111,738
12 47113,376
14 42615,385
16,28116,869
17,42817,746
17,90017,90018,00018,00018,10018,19418,20018,20018,30018,30018,20018,387
18,50018,60018,70018,70018,80018,93219,00019,00019,10019,10019,10019,273
19,40019,50019,70019,70019,80019,92319,90019,80019,90019,90019,80020,009
20,00020,00020,10020,20020,20020,38220,40020,50020,60020,70020,60020,887
PostalSavings
Sys-tem
1,3031,313
1,3151,415
1,5761,786
2,0322,340
2 6572,932
3,1193,283
3,3923,416
3,4003,4003,4003,4003,4003,3783,4003,4003,3003,3003,3003,329
3,3003,3003,3003,3003,3003,2593,3003,2003,2003,2003,2003,197
3,2003,2003,2003,2003,1003,0973,1003,0003,0003,0002,9002,923
2,9002,9002,8002,8002,8002,7852,8002,8002,7002,7002,7002,704
For-eign,net
1,9491,498
1,6241,615
1,9282,265
2,4332,157
2,3782,141
1,8941,885
1,6571,682
1,7001,8001,8001,6001,6001,7271,8001,8001,8001,8001,9002,103
2,2002,2002,1002,0001,8001,9271,9001,9001,9002,0002,1002,150
2,2002,2002,3002,4002,4002,5552,5002,4002,3002,5002,3002,518
2,4002,4002,4002,5002,5002,4242,4002,3002,2002,1002,1002,279
U.S
Treas-urycashhold-ings
2,2752,215
2,1872,191
2,2682,303
2,2962,375
2 2792,287
2,2512,272
1,3141,336
1,3001,3001,3001,3001,3001,3271,3001,3001,3001,3001,3001,325
,300,300
1,300,300,300
1,3071,3001,300,300,3001,3001,312
1,3001,3001,3001,3001,3001,2981,300
:
,300,300,300,300,293
,300,300,300,300,300,281,300,300,300,300,300
1,270
. Government
Atcom-mer-cialand
savingsbanks
7531,895
1,8378,402
8,04810,424
19 50620,763
24 38124,608
13,4163,103
1,3671,452
1,3001,8002,4002,5002,4002,1802,4002,4002,8002,3002,2002,451
2,0003,0003,4002,1001,9002,3041,5003,1003,7003,6003,2003,249
3,3004,2004,3003,2003,2003,8013,6003,8003,6003,1003,0002,989
2,8004,2006,4005,8004,8006,3324,6004,1005,1003,7003,8003,615
AtF.R.
banks
980867
290799
455579
650440
599977
833393
756870
1,9001,700>,0001,2001,8001,9281,8001,9001,7001,5001,7001,123
1,100,600,700
1,100700438400600
1,200400500821
500400
1,000800600950500700
1,100400600668
800500
1,100700600317400600800500500247
Date
. .June 30—1941
. .Dec. 31
. .June 30—1942
. .Dec. 31
. .June 30—1943
..Dec. 31
June 30—1944. .Dec. 30
. .June 30—1945'. .Dec. 31
..June 29-1946
. .Dec. 31
..June 30-1947
..Dec. 31
..Jan. 28-1948
..Feb. 25
..Mar. 31
. .Apr. 28
..May 26
..June 30
..July 28
..Aug. 25
..Sept. 29
..Oct. 27
..Nov. 24
. .Dec. 31
..Jan. 26-1949
..Feb. 23
..Mar. 30
. .Apr. 27
..May 25
..June 30
..July 27
. .Aug. 31
. . Sept. 28
..Oct. 26
..Nov. 30
..Dec. 31
..Jan. 25-1950
..Feb. 21
..Mar. 29
. .Apr. 26
..May 31
..June 30
..July 26
..Aug. 30
..Sept. 27
..Oct. 25
..Nov. 29
..Dec. 30
..Jan. 31-1951
..Feb. 28. Mar. 28.Apr. 25.May 30.June 30.July 25.Aug. 29.Sept. 26.Oct. 31.Nov. 28.Dec. 31
15
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1. CONSOLIDATED CONDITION STATEMENT FOR BANKS AND THE MONETARY[Single-date figures; in millions
DateGold
22,90023,10023,30023,30023,30023,34623,40023,30023,30023,30023,30023,187
23,00022,70022,60022,60022,50022,46322,30022,20022,10022,10022,00022,030
22,00022,00022,00022,00022,00021,92721,90021,90021,80021,80021,70021,713
21,70021,70021,70021,70021,70021,67821,70021,70021,70021,70021,70021,690
21,70021,70021,70021,70021,80021,79921,80021,90021,90021,90021,90021,949
22,30022,30022,30022,30022,60022,60022,60022,60022,60022,70022,80022,781
Treas-urycur-rencyout-stand-ing
4,7004,7004,7004,7004,7004,7544,8004,8004,8004,8004,8004,812
4,8004,8004,8004,8004,8004,8544,9004,9004,9004,9004,9004,894
4,9004,9004,9004,9005,0004,9595,0005,0005,0005,0005,0004,985
5,0005,0005,0005,0005,0005,0025,0005,0005,0005,0005,0005,008
5,0005,0005,0005,0005,0005,0325,0005,0005,0005,1005,1005,066
5,1005,1005,1005,1005,1005,1005,1005,1005,1005,1005,1005,146
Total
179,900179,300180,100179,900180,600182,980185,300185,300186,500188,900191,500192,866
191,200190,300190,200189,000188,900190,277195,500195,400195,900196,700198,200199,791
198,000197,300196,100197,200198,800200,628200,600202,500204,000207,700209,700210,988
209,600208,200207,000209,100209,100209,872211,400211,100211,900214,000214,400217,437
214,200213,100214,900214,900214,700216,563214,900217,000218,000218,900220,800223,742
219,300218,100219,000221,700221,600222,200222,700223,200223,600225,200224,800229,470
Loans,net
66,70067,00067,70068,10068,50069,71270,00070,50071,60072,90074,30075,484
74,90075,00076,00076,50076,60077,07177,40077,70078,40079,10079,50080,486
79,10079,30080,30079,90080,10081,21080,80080,20081,40081,90083,90085,730
85,20085,80087,10087,90089,00091,34992,00093,20094,60095,80097,800100,031
98,90099,400101,600102,500103,300105,420104,900105,500106,700107,300108,200110,120
108,000108,200109,600110,400110,700113,000112,200112,700113,400113,000113,000115,157
Assets
Bank credit
U.S.
Total
97,30096,20096,10095,20095,30096,26698,10097,30097,60098,60099,900100,008
98,80097,80096,40094,70094,40095,350100,20099,60099,30099,500100,400100,935
100,40099,10096,80098,20099,40099,827100,000102,300102,400105,600105,600104,819
103,600101,40098,700100,10099,30097,57298,60096,90096,40097,30096,00096,736
94,80093,00092,60091,70091,00090,51189,70090,90090,50091,00092,20093,161
90,80089,40088,50090,20089,60087,80089,00088,90088,40089,70089,40091,370
Government obligations
Com-mercialand
savingsbanks
71,80071,10070,90070,20070,50070,78372,70071,70071,30072,40073,60072,740
72,30071,40070,00068,40067,80068,10872,70072,10071,60071,70073,00072,610
73,40072,20069,80071,20072,40072,52573,30076,20076,20079,00078,90077,728
77,80075,60073,00074,40073,70071,94772,40071,20070,70071,40069,80070,052
69,40067,60067,10066,60065,70064,91764,50065,40065,20065,50066,20066,523
65,70064,80063,80065,40065,00063,40064,10064,00063,70065,00064,50065,792
FederalReserveBanks
22,80022,60022,50022,40022,30022,90622,80023,10023,70023,60023,80024,697
24,00023,90023,90023,80024,10024,74625,00025,00025,20025,30025,00025,916
24,70024,60024,60024,60024,70025,03724,50023,90024,00024,40024,60024,932
23,70023,70023,60023,60023,50023,60724,10023,80023,70024,00024,30024,785
23,50023,50023,60023,30023,40023,75823,40023,70023,60023,80024,30024,915
23,40022,90023,10023,20023,00022,90023,40023,30023,20023,20023,60024,238
Other
2,7002,6002,6002,6002,6002,5772,6002,6002,6002,6002,6002,571
2,6002,5002,5002,5002,5002,4962,5002,5002,5002,4002,4002,409
2,4002,4002,3002,3002,3002,2652,2002,2002,2002,2002,2002,159
2,1002,1002,1002,1002,0002,0182,0002,0002,0001,9001,9001,899
1,9001,9001,9001,9001,900[,8361,8001,8001,8001,8001,7001,723
1,7001,7001,700[,6001,6001,6001,5001,5001,5001,5001,4001,340
Othersecu-rities
15,90016,10016,40016,60016,80017,00217,20017,50017,40017,30017,30017,374
17,50017,50017,80017,80017,80017,85618,00018,20018,20018,20018,20018,370
18,50018,90019,00019,20019,30019,59119,80019,90020,20020,30020,30020,439
20,90021,00021,20021,20020,90020,95120,90020,90020,90020,80020,60020,670
20,60020,70020,70020,70020,50020,63220,40020,60020,80020,50020,40020,461
20,40020,60020,90021,10021,40021,40021,40021,60021,80022,50022,40022,943
Totalassets,net—Totalliabil-itiesand
capital,net
207,600207,200208,200207,900208,700211,080213,400213,400214,600217,000219,600220,865
219,000217,800217,600216,400216,200217,594222,700222,500222,900223,700225,100226,715
224,900224,100223,000224,100225,800227,514227,500229,300230,800234,400236,400237,686
236,300234,900233,700235,800235,800236,552238,100237,800238,600240,700241,100244,135
240,900239,800241,700241,700241,500243,394241,800243,900244,900245,800247,800250,757
246,600245,500246,400249,200249,400249,900250,400250,900251,300253,000252,700257,397
Liabilitiesand capital
Totaldepositsand
currency
191,600191,500192,300192,200192,900194,960197,200197,000197,900199,900202,700204,220
202,100201,000200,600199,100199,100200,360205,100204,800204,900205,500207,100209,175
207,100206,200205,100206,200207,600209,354209,100210,500211,800215,400217,200218,882
217,500216,000214,500216,900216,600217,595218,800218,200218,800220,700221,200224,943
221,000219,900221,600221,200221,200223,585221,400223,000224,000224,800227,000230,510
226,400225,100225,400228,200228,200229,100229,300229,000229,500231,100231,000236,372
Capitalandmisc.ac-
counts,net
15,90015,70015,90015,70015,80016,12016,10016,40016,70017,10016,90016,647
16,90016,80017,00017,30017,20017,23417,60017,70018,00018,10018,00017,538
17,80017,90017,80017,90018,20018,16118,40018,80019,00019,10019,20018,806
18,80018,90019,10018,90019,20018,95619,30019,60019,80020,00019,90019,193
19,90020,00020,10020,50020,30019,80720,40020,90020,90021,00020,70020,246
20,30020,50020,90020,90021,20020,90021,10021,90021,90021,90021,70021,023
1952—Jan. 30Feb. 27Mar. 26Apr. 30May 28June 30July 30Aug. 27Sept. 24Oct. 29Nov. 26Dec. 31
1953_Jan. 28Feb. 25Mar. 25Apr. 29May 27June 30July 29Aug. 26Sept. 30Oct. 28Nov. 25Dec. 31
1954—Jan. 27Feb. 24Mar. 31Apr. 28May 26June 30July 28Aug. 25Sept. 29Oct. 27Nov. 24Dec. 31
1955—Jan. 26Feb. 23Mar. 30Apr. 27May 25June 30July 27Aug. 31Sept. 28Oct. 26Nov. 30Dec. 31
1956—Jan. 25Feb. 29Mar. 28,Apr. 25.May 30,June 30.July 25.Aug. 29.Sept. 26,Oct. 31Nov. 28,Dec. 31.
1957_Jan. 30.Feb. 27.Mar. 27.Apr. 24.May 29.June 26.July 31.Aug. 28.Sept. 25.Oct. 30.Nov. 27.Dec. 31.
16
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SYSTEM, MONEY SUPPLY, AND RELATED DEPOSITS, 1941-60 — Continuedof dollars]
Money supply
Seasonally adjusted
Total
121,100121,300121,900122,000122,900123,300123,000123,500123,900124,100125,000124,100
124,900125,200125,700126,000126,100125,800125,700126,200126,100126,900126,300126,600
126,500126,500126,700126,300127,100126,900127,900127,700129,000129,200129,600130,000
131,100131,300131,500131,700132,100132,100132,000132,600133,200132,800133,100133,500
133,200132,900133,500133,600133,300134,200133,200133,400133,900133,600134,500134,500
134,800134,700134,500134,600134,200135,100135,000134,300134,300133,800133,600133,600
Cur-rencyoutsidebanks
25,70025,70025,90026,10026,20026,10026,30026,30026,50026,60026,80027,000
26,90027,00027,10027,20027,20027,20027,30027,30027,40027,40027,30027,300
27,00027,00027,10026,90027,00026,90026,90026,90026,80026,90026,80026,900
27,00026,90026,90026,90027,00027,00027,10027,20027,20027,30027,50027,400
27,30027,40027,40027,20027,30027,50027,40027,40027,40027,50027,50027,400
27,60027,60027,60027,60027,80027,80027,80027,70027,80027,70027,70027,800
De-mand
depositsad-
justed
95,40095,60096,00095,90096,70097,20096,70097,20097,40097,50098,20097,100
98,00098,20098,60098,80098,90098,60098,40098,90098,70099,50099,00099,300
99,50099,50099,60099,400100,100100,000101,000100,800102,200102,300102,800103,100
104,100104,400104,600104,800105,100105,100104,900105,400106,000105,500105,600106,100
105,900105,500106,100106,400106,000106,700105,800106,000106,500106,100107,000107,100
107,200107,100106,900107,000106,400107,300107,200106,600106,500106,100105,900105,800
Not seasonally adjusted
Total
123,500121,400120,500121,100121,300121,228121,900122,100122,900125,300126,800129,002
127,300125,200124,200125,000124,500124,267124,600124,800125,100127,600128,100130,542
129,200126,400123,600125,300125,500125,225126,800126,300128,100130,000131,400134,402
133,800131,300129,100131,100130,200130,609131,000131,200132,100133,500134,800138,199
136,000132,800131,500133,100131,600133,028132,700131,900132,800135,100136,300139,726
136,900134,400132,600134,700132,700133,300134,300132,900133,300134,900135,700138,555
Cur-rencyoutsidebanks
25,60025,60025,70025,90026,00026,47426,20026,30026,60026,70027,40027,494
26,80026,90026,90027,00027,00027,36927,20027,30027,50027,40027,90028,091
26,90026,90026,90026,70026,80027,09326,80026,90026,90026,90027,50027,852
26,80026,80026,70026,70026,80027,37527,10027,30027,20027,30027,90028,285
27,10027,20027,20027,00027,40028,28427,40027,50027,40027,70028,00028,335
27,40027,40027,40027,40027,90027,80027,80027,80027,80027,80028,50028,301
De-mand
depositsad-
justed
97,90095,70094,80095,10095,30094,75495,70095,80096,40098,60099,400101,508
100,50098,30097,40098,00097,50096,89897,40097,50097,700100,300100,200102,451
102,30099,60096,70098,60098,70098,132100,00099,400101,200103,100104,000106,550
107,000104,500102,400104,500103,300103,234103,900103,900104,900106,100106,900109,914
108,900105,600104,400106,100104,200104,744105,200104,500105,400107,400108,300111,391
109,500107,000105,200107,300104,800105,600106,600105,100105,500107,200107,200110,254
Related deposits (not seasonally adjusted)
Time
Total
61,70062,00062,40062,70063,00063,67663,80064,10064,50064,90064,80065,799
66,10066,40066,80067,20067,60068,29368,40068,70069,10069,60069,30070,375
70,60071,00071,70072,00072,50073,29273,70074,00074,40074,80074,30075,282
75,40075,70076,20076,20076,50077,12977,10077,40077,70077,90077,40078,378
78,40078,80079,30079,30079,60080,61580,70080,90081,30081,50080,90082,224
82,90083,60084,60084,90085,70086,40086,70087,10087,70088,10087,60089,126
Com-merciabanks
38,00038,20038,50038,60038,90039,30239,40039,60039,80040,10040,00040,666
40,70041,00041,20041,50041,70042,24542,30042,50042,80043,20042,90043,659
43,70044,00044,50044,70045,00045,65346,00046,20046,40046,70046,30046,844
46,80047,00047,20047,20047,40047,84647,70048,00048,10048,20047,70048,359
48,30048,50048,80048,80049,00049,69849,70049,90050,10050,20049,60050,577
51,20051,80052,60052,90053,60054,00054,40054,70055,10055,50055,00056,139
Mutuasavingsbanks
21,00021,10021,30021,40021,60021,75521,90022,00022,20022,20022,30022,586
22,80022,90023,10023,30023,40023,58923,70023,80024,00024,10024,00024,358
24,60024,70024,90025,00025,20025,38825,50025,60025,80025,90025,90026,302
26,50026,60026,90026,90027,10027,27727,40027,50027,70027,80027,80028,129
28,30028,40028,60028,70028,90029,15229,20029,30029,50029,60029,60030,000
30,10030,20030,40030,40030,60030,90030,90031,00031,20031,30031,30031,662
PostalSavingsSys-tem
2,7002,7002,7002,7002,6002,6192,6002,6002,6002,6002,6002,547
2,5002,5002,5002,5002,5002,4592,4002,4002,4002,4002,4002,359
2,3002,3002,3002,3002,3002,2512,2002,2002,2002,2002,2002,136
2,1002,1002,1002,1002,0002,0072,0002,0001,9001,9001,9001,890
1,900,800,800,800,800,765,7001,700,7001,7001,7001,647
1,6001,6001,6001,5001,5001,5001,4001,4001,4001,4001,3001,325
For-eign,net
2,1002,2002,2002,2002,3002,3192,6002,6002,5002,5002,5002,501
2,5002,3002,4002,4002,4002,4672,5002,4002,5002,6002,7002,694
2,8002,9003,0003,1003,1003,2563,4003,4003,3003,2003,2003,329
3,2003,1003,2003,1003,2003,2473,3003,1003,2003,2003,2003,167
3,1003,0003,0003,0003,0003,1153,1003,1003,2003,1003,4003,306
3,1003,1003,1003,2003,2003,4003,3003,2003,3003,3003,2003,270
u.s
Treas-urycashhold-ings
1,3001,3001,3001,3001,3001,2831,300[,3001,3001,3001,3001,270
1,300,3001,3001,3001,3001,2591,3001,3001,3001,300800761
800800800800800811800800800800800796
800800800800800812800800800800800767
800800800800800768800800800800800775
800800800800800800800800800800800761
. Government
Atcom-mer-cialand
savingsbanks
2,8003,9005,8004,5004,4006,1217,0006,2006,5005,3007,0005,259
4,2005,4005,8002,9002,9003,9427,5007,0006,2003,8005,7004,457
3,4004,5005,4004,5005,1005,8953,9005,5004,4006,1006,9004,510
3,8004,6004,4005,0005,5005,4186,1005,2004,5004,9004,5004,038
2,3004,0006,5004,4005,8005,5373,6005,8005,4003,8005,2004,038
1,9002,8003,8004,4005,3004,8003,7004,4003,9003,5003,3004,179
AtF.R.banks
200700(5)500600333600700300600300389
700400(5)400400132800700600600500346
200500700500500875500600800600500563
400600900600400380500400500500500394
500600500600400522600500600500500441
600300500300500500500500600500400481
Date
..Jan. 30-1952
..Feb. 27
..Mar. 26
. .Apr. 30
..May 28
..June 30
..July 30
. .Aug. 27
..Sept. 24
..Oct. 29
..Nov. 26
. .Dec. 31
..Jan. 28-1953
..Feb. 25
..Mar. 25
..Apr. 29
..May 27
. .June 30
..July 29
. .Aug. 26
..Sept. 30
..Oct. 28
..Nov. 25
. .Dec. 31
..Jan. 27-1954
..Feb. 24
..Mar. 31
. .Apr. 28
..May 26
..June 30
..July 28
. .Aug. 25
..Sept. 29
..Oct. 27
..Nov. 24
..Dec. 31
..Jan. 26-1955
..Feb. 23
..Mar. 30
. .Apr. 27
..May 25
..June 30
..July 27
..Aug. 31
.. Sept. 28
..Oct. 26
..Nov. 30
. .Dec. 31
..Jan. 25-1956
..Feb. 29
..Mar. 28
. .Apr. 25
..May 30
..June 30
..July 25
. .Aug. 29
..Sept. 26
..Oct. 31
..Nov. 28
..Dec. 31
..Jan .30-1957
..Feb. 27
..Mar. 27
..Apr. 24
..May 29
. .June 26
..July 31
..Aug. 28
..Sept. 25
..Oct. 30
..Nov. 27
. .Dec. 31
17
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
1. CONSOLIDATED CONDITION STATEMENT FOR BANKS AND THE MONETARY[Single-date figures; in millions
DateGold
22,80022,70022,50022,00021,60021,35621,20021,10020,90020,70020,60020,534
20,50020,50020,40020,30020,20019,80019,60019,60019,50019,50019,60019,456
19,50019,40019,40019,40019,40019,30019,20019,00018,70018,50017,90017,767
Treas-urycur-
rencyout-
stand-ing
5,2005,2005,2005,2005,2005,2045,2005,2005,2005,2005,2005,234
5,2005,2005,2005,3005,3005,3005,3005,3005,3005,3005,3005,311
5,3005,3005,3005,3005,4005,4005,4005,4005,4005,4005,4005,398
Total
225,600226,700230,000234,400234,900240,451238,600241,100240,400243,300246,200249,082
247,300245,300244,900247,900248,300248,500250,700251,200252,100251,800251,400255,435
250,200248,300247,600250,800250,700252,500254,700255,100258,300260,900261,700266,782
Loans,net
112,500112,700113,900114,400114,000116,842115,400115,300115,900117,000118,200121,602
119,800119,800121,400123,500124,800126,900128,400129,800131,600131,500132,300135,867
133,000133,400134,600136,200136,800139,100138,200138,700140,800140,200140,900144,704
Assets
Bank credit
U.S.
Total
89,90090,50091,90095,30095,90097,84997,800
100,00098,200
100,100102,000101,207
101,50099,40097,20097,80097,10095,20096,00095,20094,10094,00093,10093,497
91,30089,20087,30089,00088,50087,90090,80090,80091,80094,60094,90095,461
Government obligations
Com-mercial
andsavingsbanks
65,20065,80067,10070,30070,60071,61171,60073,50072,10073,50075,00073,641
74,90072,90070,60071,00070,00068,20068,40067,60066,50066,60065,40065,801
64,80063,00061,10062,60061,80060,80063,20063,10064,20066,80066,60067,242
FederalReserveBanks
23,40023,40023,50023,70024,10025,00024,90025,20024,90025,40025,80026,347
25,40025,30025,50025,60025,90025,90026,50026,50026,60026,40026,70026,648
25,40025,20025,30025,50025,70026,20026,70026,80026,80027,00027,50027,384
Other
[,3001,3001,3001,3001,300[,2381,3001,300[,2001,2001,2001,219
1,2001,2001,1001,2001,2001,200,100,100,100,100[,1001,048
1,0001,0001,0001,0001,000
900900900900900800835
Othersecu-rities
23,10023,50024,30024,80025,00025,76025,50025,80026,30026,20026,00026,273
26,00026,10026,30026,60026,40026,30026,30026,20026,50026,20025,90026,071
25,80025,70025,70025,60025,40025,50025,70025,60025,70026,00025,90026,617
Totalassets,net—Totalliabil-itiesand
capital,net
253,500254,600257,700261,600261,700267,011265,100267,400266,500269,200272,000274,850
273,100271,000270,600273,500273,700273,600275,700276,100276,900276,600276,300280,202
274,900273,000272,400275,600275,400277,200279,200279,500282,400284,700285,000289,947
Liabilitiesand capital
Totaldeposits
andcurrency
231,800232,500235,500239,200238,900244,131241,900243,400242,600245,100248,200252,022
249,600247,100246,700249,800249,400249,400251,400251,100252,100251,700251,100256,020
250,500248,000247,300250,200249,300251,000252,900252,200255,100257,500257,000263,165
Capitaland
misc.ac-
counts,net
21,80022,10022,20022,50022,80022,88023,20024,10023,90024,10023,80022,829
23,50023,90023,90023,70024,30024,20024,20025,00024,80024,90025,20024,186
24,40025,00025,10025,30026,00026,20026,30027,30027,30027,20028,00026,783
1958—Jan. 29Feb. 26Mar. 26Apr. 30May 28June 23July 30Aug. 27Sept. 24Oct. 29Nov. 26Dec. 31
1959—Jan. 28Feb. 25Mar. 25Apr. 29May 27June 24July 29Aug. 26Sept. 30Oct. 28Nov. 25,Dec. 31
I960—Jan. 27Feb. 24Mar. 30,Apr. 27May 25June 29July 27Aug. 31Sept. 28Oct. 26Nov. 30Dec. 31
18
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
SYSTEM, MONEY SUPPLY, AND RELATED DEPOSITS, 1941-60 — Continuedof dollars]
Money supply
Seasonally adjusted
Total
133,100133,600134,000134,800135,300135,300136,100136,700136,900137,900138,600138,800
139,500139,600140,300140,400140,600140,900141,200140,900140,800140,400140,100140,200
140,000139,100139,500139,400137,500138,000138,600138,600138,500139,900138,800139,200
furcur-rencyoutside
27,70027,70027,70027,90027,90027,80027,80027,80027,80027,90028,00028,100
28,00028,00028,20028,20028,20028,30028,30028,30028,40028,40028,30028,200
28,30028,30028,40028,20028,20028,10028,30028,30028,20028,40028,20028,200
De-mand
depositsad-
justed
105,400105,900106,300106,900107,400107,500108,300108,900109,100110,000110,600110,700
111,500111,600112,100112,200112,400112,600112,900112,600112,400112,000111,800112,000
111,700110,800111,100111,200109,300109,900110,300110,300110,300111,500110,600111,000
Not seasonally adjusted
Total
135,000133,000132,000134,800133,500133,959135,900135,500135,900139,000140,700144,247
141,400139,000138,200140,400138,900139,100141,100139,600139,800141,100142,200144,824
141,900138,400136,800139,400135,800136,200138,400137,500137,600140,500140,600144,458
cur-rencyoutside
27,30027,40027,40027,60027,80027,79027,90028,00027,90028,00028,80028,740
27,60027,70027,90027,90028,10028,30028,40028,50028,50028,30029,10029,422
27,90028,00028,10027,90028,10028,30028,40028,50028,30028,30028,70029,356
De-mand
depositsad-
justed
107,600105,600104,600107,200105,800106,169108,100107,500108,100111,000111,900115,507
113,800111,300110,300112,500110,700110,700112,700111,100111,400112,700113,100115,402
114,000110,500108,800111,500107,700107,800110,100108,900109,300112,200111,900115,102
Related deposits (not seasonally adjusted)
Time
Total
89,80090,90092,50093,60094,60095,52496,50097,00097,20097,50096,80098,306
98,40098,70099,50099,900100,400101,000100,900101,200101,500101,100100,300101,779
101,000101,200102,200102,300102,600103,700104,200105,200106,000106,700106,700108,468
Com-mercialbanks
56,60057,60058,80059,90060,70061,47362,30062,70062,70062,90062,10063,166
63,40063,70064,10064,50065,00065,40065,30065,60065,70065,50064,80065,884
65,20065,40066,00066,20066,50067,40067,90068,90069,40070,00070,00071,380
Mutualsavingsbanks
31,90032,10032,40032,50032,70032,83732,90033,10033,30033,40033,50034,006
33,80034,00034,30034,30034,40034,60034,50034,60034,80034,60034,60034,947
34,90034,90035,30035,20035,20035,40035,50035,60035,80035,90035,90036,318
PostalSavingsSys-tem
1,3001,3001,3001,2001,2001,2141,2001,2001,2001,2001,1001,134
1,1001,1001,1001,1001,1001,1001,0001,0001,0001,0001,000948
900900900900900800800800800800800770
For-eign,net
3,3003,7003,9004,0004,0003,9534,0003,9003,8003,8003,7003,870
3,8003,7003,9003,7003,7003,6003,4003,3003,3003,1003,0003,203
2,8002,6002,7002,8002,8002,9002,8003,0002,9003,1003,1003,184
u.s
Treas-urycashhold-ings
800700700700700700700700700700700683
700700700700700400400400400400400391
400500400400400400400400400400400377
. Government
Atcom-mer-cialand
savingsbanks
2,4003,8005,8005,4005,7009,4714,3005,8004,5003,7005,9004,558
4,8004,5003,9004,6005,2004,7005,0006,0006,4005,5004,7005,319
3,8004,8004,7004,7007,2007,3006,5005,7007,7006,2005,6006,193
AtF.R.banks
500400600600400524600500500500500358
500500500500500500600500700500400504
600500500600500500500500600500500485
Date
..Jan. 29-1958
..Feb. 26
..Mar. 26
..Apr. 30
..May 28
..June 23
..July 30
. .Aug. 27
..Sept. 24
..Oct. 29
..Nov. 26
..Dec. 31
..Jan. 28-1959
..Feb. 25
..Mar. 25
..Apr. 29
..May 27
..June 24
..July 29
. .Aug. 26
..Sept. 30
..Oct. 28
..Nov. 25
. .Dec. 31
..Jan. 27-1960
..Feb. 24
..Mar. 30
. .Apr. 27
..May 25
..June 29
..July 27
..Aug. 31
..Sept. 28
..Oct. 26
..Nov. 30
. .Dec. 31
19
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2. MONEY SUPPLY AND RELATED DATA, 1947-60[Averages of daily figures; in billions of dollars]
Period
19471948 . . .1949
195019511952...19531954
1955. .1956195719581959
I960
1947—JanFeb . .MarAprM a yJuneJulyAugSeDtOctN o vDec
1948—JanFebMarAprMayJuneJulyAugSeptOct . . .NovDec
1949_janFebMarA p rMayJuneJulvAugSeptOctN o vDec
1950—Jan..FebM a rAprM a yJuneJuly. . .A u gSeptOctN o vDec
1951—jan
FebM a rAprM a yJuneJulyA u sSept . . . .OctNovD e c
Seasonally adjusted
Money supply
Total
109.5109.7110.3111 1111.7112 1112.2112 6113.0112.9113.3113.1
113 4113.2112.6112.3112.1112 0112.2112 3112.2112.1111 8111.5
111.2111 2111.2111.3111.5111 3111.2111 0110.9110.9111.0111.2
111 5112.1112.5113.2113.7114.11146115.0115 2115.7115.9116.2
116.7117 1117.6117.8118.2118.6119 1119.6120.4121 0122.0122.7
Currencycompo-
nent
26.726.726.726 626.626.626.526 526.726.526.526.4
26.426.326.226.126.026.026.026.026.026.026 025.8
25.725.725.725.725.725.625.525 525.325 325.225.1
25 125.125.225.325.225.125 024.924 924.924.925.0
25.025 125.225.225.325.425 625.725 826 026.026.1
Demanddepositcompo-
nent
82.883.083.784.585.185.585.786.186.386.486.886.7
87.086.886.486.386.086 086.286.286.286.185 985.8
85.585.585.685.685.885.785.785.685.685.685.886.0
86 486.987.388.088.589.089 690.190.390.890.991.2
91.792.092.492.692.893.293 493.894.595 196.096.5
Coml.banktime
deposits,adjusted
33.233.433.633.733.833.934.034.434.735.035.235.4
35.535.635.735.735.735.835.835.935.936.036.036.0
36.036.136.136.236.336.436.436.536.436.436.436.4
36.436.536.636.836.936.936.836.736.636.636.636.7
36.736.636.636.736.736.837.237.437.737.838.038.2
Not seasonally adjusted
Money supply
Total
111.8112.3111.2
114.1119.2125.2128.3130.3
134.4136.0136.7138.4142.8
140.9
111.9109.8109.4109.1109.8110.9111.4111.9113.3113.6114.5115.9
115.9113.4111.8110.4110.2110.8111.3111.6112.4112.8112.9114.3
113.7111.5110.5109.5109.7110.2110.2110.3110.9111.5112.0113.9
114.0112.4111.8111.5111.9112.9113.5114.2115.1116.3117.0119.2
119.5117.5117.4116.0116.4117.6117.5118.4120.0121 4123.2125.8
Currencycompo-
nent
26.626.125.5
25.125.626.727.727.5
27.628.028.328.428.9
29.0
26.726.526.526.426.426.426.426.426.826.726.726.8
26.426.226.125.925.825.926.026.026.126.226.226.2
25.725.525.525.525.525.425.525.425.425.525.425.5
25.125.025.125.125.024.925.024.925.025.125.225.4
25.025.025.025.025.125.325.625.725.926.126.326.6
Demanddepositcompo-
nent
85.286.285.7
89.193.798.5
100.6102.8
106.8108.0108.5110.0113.9
111.9
85.283.382.982 783.484.584.985 586.586.987.889.1
89.587.285.784.584.485.085.385.686.286.686 888.1
88.085.984.984.084.284.884.784.985.586.086.688.4
88 987.486.886.486.988.088.589.390.191.291.893.8
94.592.592.391.091.292.491.992.794.195.297.099.2
Commercial bankdeposits
Time,adjusted
34.235.836.3
36.737.239.742.846.9
49.350.855.162.866.8
69.1
33.233.433.733.833.934.034.234.434.735.035.135.1
35.535.635.835.835.835.936.035.935.936.035.935.7
36.036.136.236.336.436.536.536.536.436.436.336.1
36.436.536.736.836.937.036.936.736.636.636.536.4
36.736.636.736.736.736.937.337.537.737.938.038.0
U.S.Govt.
demand
2.02.12.5
3.14.04.84.44.4
4.1393.54.34.6
5.3
2.63.33.62 92.31.01.01 41.62.21.61.0
0.91.72.12.32.72.22.02.52.42.32 41.8
1.62.73.02.61.91.51.42.83.23.43.52.8
2.83.73.53.33.03.03.43.43.42.83.02.4
2.13.34.56.15.14.64.84.23.63.93.12.7
20
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2. MONEY SUPPLY AND RELATED DATA, 1947-60 — Continued[Averages of daily figures; in billions of dollars]
Period
Seasonally adjusted
Money supply
TotalCurrencycompo-
nent
Demanddepositcompo-
nent
Coml.banktime
deposits,adjusted
Not seasonally adjusted
Money supply
TotalCurrencycompo-
nent
Demanddepositcompo-
nent
Commercial bankdeposits
Time,adjusted
U.S.Govt.
demand
1952—Jan..Feb..Mar.Apr..May.June.July.Aug.Sept.Oct..Nov.Dec..
1953—Jan..Feb..Mar.Apr..May.June.July.Aug.Sept.Oct..Nov.Dec.
1954_ja n . .Feb..Mar.Apr..May.June.July.Aug.Sept.Oct..Nov.Dec.
1955—Jan..Feb..Mar.
M^y!June.July.Aug.Sept.Oct..Nov.Dec.
1956—Jan..Feb..Mar.Apr..May.June.July.Aug.Sept.Oct..Nov.Dec.
1957_Jan..Feb..Mar.Apr..May.June.July.Aug.Sept.Oct..Nov.Dec.
123.1123.6123.8124.1124.5125.0125.3125.7126.4126.7127.1127.4
127.3127.4128.0128.3128.5128.5128.6128.7128.6128.7128.7128.8
129.0129.1129.2128.6129.7129.9130.3130.7130.9131.5132.1132.3
133.0133.8133.6134.1134.5134.4134.8134.8135.0135.2134.9135.2
135.5135.5135.9136.2135.7136.0135.9135.8136.1136.2136.6136.9
136.9137.0137.1136.9137.0136.9137.0136.9136.7136.4136.1135.9
26.226.326.426.426.526.726.726.826.927.027.227.3
27.427.527.627.727.727.727.827.827.827.827.827.7
27.727.727.627.627.627.527.527.527.427.427.427.4
27.427.527.527.527.627.627.727.727.727.827.827.8
27.927.927.927.927.927.928.028.028.028.028.128.2
28.228.228.228.228.228.328.328.328.328.328.328.3
96.997.397.597.698.098.498.698.999.499.799.9
100.1
99.999.9
100.4100.7100.7100.7100.8100.9100.8100.9100.9101.1
101.3101.5101.6101.0102.1102.3102.8103.2103.5104.1104.7104.9
105.5106.3106.1106.5106.9106.8107.2107.1107.3107.4107.1107.4
107.7107.6108.0108.3107.8108.1107.9107.8108.1108.2108.4108.7
108.7108.8108.9108.7108.8108.6108.7108.7108.4108.1107.8107.5
38.438.738.939.139.339.539.740.040.340.540.841.2
41.441.641.942.142.442.642.943.143.443.844.244.6
44.945.245.646.146.546.847.347.747.948.148.248.4
48.748.848.848.949.049.149.249.349.549.750.050.2
50.050.050.150.250.350.650.851.151.451.651.852.1
52.653.153.7,54.154.554.855.355.656.056.656.957.5
126.2124.2123.6122.3122.7124.2123.6124.2125.8126.9128.3130.8
130.5128.1127.7126.7126.7127.6127.0127.0127.9128.8129.9132.1
132.3129.8128.9127.2128.1129.0128.8129.0130.1131.5133.1135.6
136.4134.5133.1132.8132.7133.5133.4133.0134.2135.1135.9138.6
139.1136.0135.2135.1134.0135.1134.5134.0135.4136.2137.5140.3
140.3137.3136.1136.1135.2135.9135.6135.6136.1136.4137.2139.3
26.226.126.226.226.326.526.726.827.027.227.527.8
27.427.327.427.427.527.627.827.827.927.928.028.2
27.727.527.427.427.427.427.527.427.527.627.727.9
27.427.227.327.327.427.527.727.727.827.928.128.4
27.927.627.727.727.727.828.128.028.128.228.428.8
28.227.927.928.028.028.228.428.328.428.428.628.9
100.098.097.496.196.497.796.997.498.999.7
100.9103.0
103.1100.8100.399.399.2
100.199.299.2
100.0100.9101.8103.9
104.6102.3101.499.8
100.7101.6101.3101.5102.6103.9105.4107.7
109.0107.3105.8105.5105.4106.1105.7105.3106.4107.2107.7110.2
111.2108.4107.5107.5106.3107.3106.5106.0107.3108.0109.1111.5
112.1109.3108.2108.1107.2107.7107.2107.2107.7107.9108.6110.4
38.438.638.939.139.339.639.940.140.340.640.840.9
41.441.641.942.142.342.743.043.243.544.044.144.2
44.845.245.646.046.446.947.547.948.048.248.148.0
48.548.648.848.949.049.249.449.549.749.949.849.6
49.849.850.150.350.450.851.251.451.651.851.551.4
52.352.953.754.254.655.255.655.956.356.756.556.7
2.23.33.94.54.34.37.66.35.25.45.24.9
3.74.64.43.72.82.65.26.85.64.24.93.8
3.03.74.04.03.93.94.24.94.06.16.25.0
3.03.73.84.94.94.04.64.93.94.54.33.4
2.22.74.14.15.14.23.94.44.43.94.23.4
2.01.93.04.44.14.04.93.13.54.23.03.5
21
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
2. MONEY SUPPLY AND RELATED DATA, 1947-60 — Continued[Averages of daily figures; in billions of dollars]
Period
1958—JanFebMarAprMayJuneJulyAugSeptOctNovDec
1959—JanFeb . . . .MarAprMayJune . .Julv
Sept . . . .OctNovDec
I960 JanFebMar . .AprMayJuneJulvAugSent .OctNovDec
Seasonally adjusted
Money supply
Total
135.6136.3136.5137.0137.5138.5138.4139.1139.5140.0140.8141.2
141.6142.0142.5142.6143.2143.4144.0143.5143.2142.9142.7142.0
141.8141.4141.0140.8140.4140.0140.3140.8140.9141.0140.8141.2
Currencycompo-
nent
28.328.228.228.228.328.428.428.428.428.528.528.6
28.628.728.828.828.929.029.029.029.028.928.928.9
29.029.029.029.029.029.029.029.029.029.029.028.9
Demanddepositcompo-
nent
107.3108.0108.2108.8109.2110.1110.0110.6111.0111.6112.3112.6
113.0113.2113.7113.9114.3114.4115.0114.4114.2113.9113.8113.2
112.8112.4112.0111.8111.4111.1111.3111.9112.0112.0111.8112.2
Coml.banktime
deposits,adjusted
57.659.360.561.562.463.264.064.464.764.865.165.5
66.166.066.266.566.867.067.067.067.267.267.367.4
67.366.967.167.367.667.968.769.670.371.272.072.7
Not seasonally adjusted
Money supply
Total
138.8136.4135.4136.4135.7137.4137.0137.8138.9140.0142.0144.7
144.9142.0141.3142 3141.1141.9142.7142.2142.7143.0144.0145.6
145.0141.2139.7140.7138.4138.6139.1139.6140.5141.3142.1144.7
Currencycompo-
nent
28.227.927.928.028.128.328.528.528.528.628.829.2
28.628.428.528.528.728.929.129.129.129.029.229.5
28.928.628.728.828.828.929.129.129.129.129.329.6
Demanddepositcompo-
nent
110.6108.5107.4108.4107.6109.1108.5109.2110.4111.5113.2115.5
116.3113.6112.8113.8112.5113.0113.5113.0113.6113.9114.8116.1
116.1112.6111.0111.9109.6109.7109.9110.5111.4112.2112.8115.2
Commercial bankdeposits
Time,adjusted
57.259.160.561.762.663.564.464.865.065.064.664.6
65.665.866.266 767.067.467.567.467.567.466.866.6
66.866.667.067.567.868.369.170.070.771.471.572.1
U.S.Govt.
demand
2.32.54.34.25.56.06.05.34.04.23.93.9
3.24.33.74.65.24.04.95.15.24.94.74.9
4.14.14.33.66.46.36.76.15.45.65.84.7
22
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKSA. COMMERCIAL AND MUTUAL SAVINGS BANKS, 1941-60
[Single-date figures; amounts in millions of dollars]
Date
1941__june 30..Dec. 31..
1942—June 30..Dec. 31..
1943__june 30..Dec. 31..
1944__june 30..Dec. 30..
1945_j u n e 30..Dec. 31..
1946_JUne29..Dec. 31..
1947—June 30..Dec. 31..
1948—Jan. 28..Feb. 25..Mar. 31..Apr. 28..May 26..June 30..July 28..Aug. 25..Sept. 29..Oct. 27..Nov. 24..Dec. 31..
1949_Jan. 26..Feb. 23..Mar. 30..Apr. 27..May 25..June 30..July 27..Aug. 31..Sept. 28..Oct. 26..Nov. 30..Dec. 31..
1950—Jan. 25..Feb. 21..Mar. 29..Apr. 26..May 31..June 30..July 26..Aug. 30..Sept. 27..Oct. 25..Nov. 29..Dec. 30..
1951—Jan. 31..Feb. 28..Mar. 28..Apr. 25..May 30..June 30..July 25..Aug. 29..Sept. 26..Oct. 31..Nov. 28..Dec. 31..
Loans and investments
Total
57,94661,126
64,00978,147
87,88196,966
108,707119,461
129,639140,227
136,572131,698
131,096134,924
135,370134,390132,620133,430133,690133,081134,090134,440132,890133,420133,500133,693
134,060133,100132,300132,440133,450133,868134,960138,170138,840139,810140,010140,598
141,820141,320141,190141,340142,300142,959143,570144,560144,780145,730146,660148,021
146,500146,480147,120146,880146,680147,742147,870148,950150,550152,550153,980154,869
Loans
25,31126,615
25,08123,916
22,24123,601
25,42426,015
27,97930,362
31,48635,648
38,36543,002
43,20043,65043,90043,95044,68045,09945,44046,00047,14047,16047,91048,174
48,18047,82048,22047,23046,91047,07646,61047,36047,95048,14049,13049,544
49,61049,89050,52050,77051,18051,99953,32054,76056,57057,69059,52060,386
60,97061,92062,95063,04063,34063,84063,75064,47065,38066,32066,99067,608
U.S.Govt.obliga-tions
23,52125,511
30,30145,951
57,74865,932
75,73785,885
93,657101,288
95,91186,558
82,67981,199
81,39079,97077,56078,33077,87076,77477,32077,02074,23074,92074,32074,097
74,58073,86072,56073,63074,83074,87776,08078,34078,29079,08078,31078,433
79,49078,57077,36077,11077,67077,32076,44075,61073,75073,61072,69072,894
70,83069,80069,25068,85068,41068,72668,85069,23069,73070,78071,45071,343
Othersecu-rities
9,1148,999
8,6278,280
7,8927,433
7,5477,561
8,0048,577
9,1759,491
10,05110,723
10,78010,77011,16011,15011,14011,20811,33011,42011,52011,34011,27011,422
11,30011,42011,52011,58011,71011,91512,27012,47012,60012,59012,57012,621
12,72012,86013,31013,46013,45013,64013,81014,19014,46014,43014,45014,741
14,70014,76014,92014,99014,93015,17615,27015,25015,44015,45015,54015,918
Cashassets
26,76027,344
25,57528,701
26,66528,475
28,16430,790
30,71135,415
33,12435,041
33,54438,388
34,49034,51033,39033,38032,94035,00033,97033,85036,88037,66037,48039,474
36,93036,82035,05034,76033,55034,96633,37032,70032,41033,23033,44036,522
33,58033,71032,27032,68033,31034,09934,21034,06035,07035,43035,88041,086
37,66038,59037,44037,51037,02038,23537,74037,09038,98040,45039,92045,531
Totalassets—Totallia-
bilitiesand
capitalac-
counts i
87,29090,908
91,889109,024
116,639127,396
138,740152,025
162,045177,332
171,374168,421
166,337175,091
171,730170,830167,910168,770168,710170,052170,100170,390171,750173,090173,040175,176
172,960171,980169,310169,210169,060170,804170,280172,940173,200175,040175,630179,170
177,440177,050175,400175,980177,750179,159179,920180,910181,970183,350184,780191,317
186,420187,430186,750186,670186,120188,336187,960188,540191,830195,450196,390202,903
Deposits
Total
78,12081,816
82,70699,803
107,224117,661
128,605141,448
151,033165,612
159,171155,902
153,349161,865
158,230157,130153,990154,970154,640156,353156,090156,340157,520159,010158,560161,248
158,560157,590154,760154,660154,460156,470155,470157,860158,250160,270160,400164,467
162,510161,970159,950160,570161,880163,770163,840164,810165,730167,180168,040175,296
169,280170,500169,760169,770168,810171,860171,020171,100174,480177,730178,200185,756
Interbank
De-mand Time
10,94810,982
10,28711,308
10,89511,003
11,21912,235
12,60514,065
12,31112,656
11,67912,793
11,75011,22010,67010,64010,38011,17811,03010,96011,02011,39011,28011,997
11,40010,67010,23010,04010,10010,60810,61010,93010,95011,40011,26012,388
11,73011,37010,93010,93010,78011,03910,90010,94011,11011,91011,85013,577
11,64011,58011,10011,25010,87011,42111,83011,63012,22012,88012,71014,536
240
250250250260260258260260260260260272
260260260270330331350330340340340322
320320300310350396410430430430460462
580580530490480526560570590610620551
Other
Demand
U.S.Govt. Other
40,53044,355
46,35761,437
67,55475,569
83,58891,653
96,725105,935
98,04392,446
89,2951,346
1,2201,6602,2902,3602,2502,0742,2902,2802,6602,2102,1302,340
1,9102,9203,2801,9901,7902,1471,3302,9403,5803,4503,0603,074
3,1604,0104,1403,0503,0103,6223,4103,6503,4402,9202,8002,809
2,6104,0606,1705,6204,6206,1284,3503,8604,8803,4903,5803,362
94,381
91,80090,47087,16088,06088,10088,74988,52088,86089,49091,05091,07092,331
90,59089,19086,19087,43087,22087,99887,89088,35088,05089,73090,77093,082
91,60090,31088,28089,78091,16091,88392,65093,55094,52095,69097,030101,935
98,19097,99095,49095,82096,12096,39996,80097,25098,790102,330103,110108,282
Time
26,64126,479
26,06227,058
28,77531,089
33,79737,561
41,70245,613
48,81750,800
52,37553,105
53,21053,53053,62053,65053,65054,09353,99053,98054,09054,10053,82054,308
54,40054,55054,80054,93055,02055,38655,29055,31055,33055,35054,97055,601
55,70055,96056,30056,50056,58056,83056,47056,24056,23056,23055,90056,513
56,26056,29056,47056,59056,72057,38657,48057,79058,00058,42058,18059,025
Bor-row-ings
1523
1613
2849
86124
70227
8845
6366
2803404602403106629027035019048057
4403404203803403154067038017045020
3102805104105304661039042026066090
1,15087091064094077450720590730
1,01035
Totalcapitalac-
counts
8,4198,414
8,4868,566
8,7488,996
9,3079,643
10,09610,542
11,06711,360
11,72111,948
11,99012,04012,08012,11012,22012,24112,30012,36012,40012,45012,47012,479
12,55012,57012,65012,68012,70012,84512,83012,92012,98013,04013,18013,088
13,11013,19013,27013,27013,45013,57613,61013,67013,72013,80013,85013,837
13,87013,89013,94014,00014,05014,23614,27014,36014,41014,53014,54014,623
Num-berof
banks
14,85514,826
14,77514,682
14,61814,579
14,55314,535
14,54214,553
14,56714,585
14,71614,714
14,71814,72614,73014,73114,72714,71914,71714,71914,72014,71214,70914,703
14,70014,69014,69214,69214,69114,68014,68414,68714,69014,69014,68514,687
14,68914,68314,68214,68414,67414,67414,66514,65614,65814,65814,65914,650
14,64514,63914,64914,64714,64414,63614,63714,63414,63414,63114,62514,618
For note see p. 29.
23
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS — ContinuedA. COMMERCIAL AND MUTUAL SAVINGS BANKS, 1941-60 — Continued
[Single-date figures; amounts in millions of dollars]
Date
1952—Jan. 30..Feb. 27..Mar. 26..Apr. 30..May 28..June 30..July 30..Aug. 27..Sept. 24..Oct. 29..Nov. 26..Dec. 31..
1953_jan. 28..Feb. 25..Mar. 25..Apr. 29..May 27..June 30..July 29..Aug. 26..Sept. 30..Oct. 28..Nov. 25..Dec. 31..
1954__jan. 27..Feb. 24..Mar. 31..Apr. 28..May 26..June 30..July 28..Aug. 25..Sept. 29..Oct. 27..Nov. 24..Dec. 31..
1955_Jan. 26..Feb. 23..Mar. 30..Apr. 27..May 25..June 30..July 27..Aug. 31..Sept. 28..Oct. 26..Nov. 30..Dec. 31..
1956—Jan. 25..Feb. 29..Mar. 28..Apr. 25..May 30..June 30..July 25..Aug. 29..Sept. 26..Oct. 31..Nov. 28..Dec. 31..
1957_jan. 30..Feb. 27..Mar. 27..Apr. 24..May 29..June 26..July 31..Aug. 28..Sept. 25..Oct. 30..Nov. 27..Dec. 31..
Loans and investments
Total
155,200154,790155,280155,250156,150157,528160,200160,100160,750163,200165,490165,626
165,030164,580164,610163,310163,100163,082168,500168,590168,560169,580171,240171,497
171,380171,100169,190170,710172,560173,343174,380176,790178,040181,600183,370183,784
184,340183,100182,050184,210184,410184,253186,190186,070186,810188,490189,100190,780
189,530188,700190,530190,810190,640191,074190,860192,500193,660194,230195,780197,063
194,950194,810195,440197,810197,980198,600198,530199,250199,820201,450200,910203,849
Loans
67,46067,63067,99068,49068,92069,74270,36070,97072,09073,47074,60075,512
75,33075,63076,82077,11077,42077,11777,85078,37078,73079,72080,01080,518
79,50080,02080,38080,28080,87081,22781,34080,69081,68082,33084,23085,617
85,71086,50087,86088,64089,79091,35592,93093,94095,24096,26098,650100,057
99,600100,360102,730103,520104,430105,525105,960106,530107,720108,220109,160110,079
108,830109,350110,800111,260111,620113,810112,960113,590114,260113,970114,060115,115
U.S.Govt.obliga-tions
71,82071,06070,92070,21070,45070,78372,65071,67071,28072,40073,56072,740
72,25071,41070,04068,40067,84068,10872,70072,07071,62071,66072,99072,610
73,35072,22069,80071,24072,39072,52573,27076,21076,20079,00078,86077,728
77,77075,58072,98074,39073,74071,94772,41071,19070,68071,41069,84070,052
69,38067,64067,08066,58065,70064,91764,49065,42065,16065,51066,18066,523
65,68064,82063,75065,41065,01063,36064,14064,04063,72064,99064,46065,792
Othersecu-rities
15,92016,10016,37016,55016,78017,00217,19017,46017,38017,33017,33017,374
17,45017,54017,75017,80017,84017,85617,95018,15018,21018,20018,24018,370
18,53018,86019,01019,19019,30019,59119,77019,89020,16020,27020,28020,439
20,86021,02021,21021,18020,88020,95120,85020,94020,89020,82020,61020,670
20,55020,70020,72020,71020,51020,63220,41020,55020,78020,50020,44020,461
20,44020,64020,89021,14021,35021,43021,43021,62021,84022,49022,39022,943
Cashassets
39,90039,82040,23040,05039,35041,66740,01039,16040,98041,22042,62045,584
40,80041,35040,30039,41039,24042,02339,23039,06041,48040,98041,52045,811
41,28041,25041,50040,78040,21042,55640,23039,48040,62041,63042,18044,585
42,11041,46040,23040,85039,65042,01440,72040,61041,11041,48042,47047,803
41,17041,43040,83040,71040,80043,36140,77040,56042,53043,16043,17049,641
41,64042,35041,55042,05041,57042,25042,84042,08042,04042,59043,60049,318
Totalassets—Totallia-
bilitiesand
capitalac-
counts 1
197,580197,240197,940197,860198,130201,793202,760201,860204,240206,990210,760213,837
208,410208,540207,410205,330205,040207,758210,420210,410212,860213,350215,620220,140
215,510215,210213,530214,450215,820218,900217,640219,300221,710226,360228,690231,654
229,780227,930225,660228,550227,410229,631230,240230,060231,230233,340235,120242,008
234,180233,720234,910235,070235,010238,133235,260236,840240,080241,370242,990250,770
240,730241,310241,130244,110243,790245,050245,740245,850246,370248,660249,150257,864
Deposits
Total
179,460178,770180,140179,360179,310184,130183,450182,770185,440187,260190,620195,552
188,590188,760187,660185,460185,030189,159190,620190,350193,080193,140194,990201,100
195,950194,970194,160194,450195,300199,508197,310198,780201,150205,250207,260211,115
208,140205,900203,400206,480205,100208,850207,900207,750208,710210,450211,860220,441
211,040210,130211,140211,070210,890215,510211,250212,520215,210216,570218,000227,546
216,040216,170215,900218,930218,010219,790220,640219,700220,150222,030222,380233,020
Interbank
De-mand
12,78012,36012,65011,79011,63012,89712,11012,26013,22013,12013,14014,575
12,78012,53012,14011,90011,84012,75212,10012,02013,00013,25013,10014,788
13,48012,91013,07012,75012,52013,79913,18013,42013,68013,97013,87015,050
13,43012,79012,92012,87012,33013,48412,73012,84012,94012,96013,01015,059
13,04012,64012,78012,75012,18013,62613,02012,90013,48013,77013,77016,133
12,72012,82013,01013,04012,20012,90013,51012,97013,35013,24013,09015,636
Time
540540550550570616630630650690740746
740730760790810848860900900
1,0501,1301,169
1,2301,3001,4201,5101,5901,7011,7601,7901,7901,7001,7001,761
1,8001,7601,7501,7001,6901,7611,7601,7301,7601,7501,7701,587
1,5101,4201,4301,4701,5101,6151,5401,5601,5901,6101,5901,462
1,4601,4601,4701,4101,5001,4801,4401,4001,4501,4701,4601,386
Other
Demand
U.S.Govt.
2,5303,6305,5604,2304,0905,8396,7005,9006,1805,0006,7204,944
3,9205,1005,5302,5602,6003,6367,1706,6805,8703,4405,4104,149
3,1104,2205,0604,1904,8105,5943,5805,1404,1205,7306,6204,176
3,4704,2604,0704,6105,1305,0815,7404,8604,2204,5304,2103,712
2,0103,6406,1704,1105,4505,2353,2905,4605,1103,4804,9303,736
1,6202,5103,5104,0505,0404,4903,3904,1303,5803,1803,0403,903
Other
104,330102,610101,330102,440102,310103,408102,470102,120103,170105,800107,470111,689
107,290106,180104,580105,180104,360105,753104,150104,170106,230107,820108,070112,639
109,510107,540104,900105,990105,820107,043107,010106,290109,020110,920112,540116,617
115,760113,170110,200112,760111,110113,034112,240112,490113,690114,910116,980123,238
117,600115,140112,930114,910113,580115,850114,140113,050115,140117,590118,140125,308
118,600117,070114,550116,720114,770115,690116,690115,150115,160117,100118,190123,993
Time
59,28059,63060,05060,35060,71061,36961,54061,86062,22062,65062,55063,598
63,86064,22064,65065,03065,42066,17066,34066,58067,08067,58067,28068,355
68,62069,00069,71070,01070,56071,37171,78072,14072,54072,93072,53073,511
73,68073,92074,46074,54074,84075,49175,43075,83076,10076,30075,89076,844
76,88077,29077,83077,83078,17079,18279,26079,55079,89080,12079,57080,908
81,64082,31083,36083,71084,50085,23085,61086,05086,61087,04086,60088,102
Bor-row-ings
9301,080470
1,0501,22094
1,7701,400920
1,7201,960188
1,7101,4801,5201,4801,420113
1,1601,200640
1,0301,29062
5201,0102306309605575076061076079031
9701,0901,4901,2901,390150
1,5001,2001,2801,4601,480163
1,5901,6301,8101,8701,740356
1,5801,4801,6201,4501,39078
1,4901,6701,8301,5501,9101,6901,2201,7501,6901,7901,71080
Totalcapitalac-
counts
14,64014,69014,77014,89014,94015,03915,02015,07015,17015,26015,28015,367
15,37015,44015,49015,57015,68015,79115,81015,89016,07016,12016,20016,118
16,17016,29016,35016,48016,55016,66416,69016,77016,86017,08017,32017,270
17,34017,44017,41017,49017,63017,66317,75017,89017,93018,09018,21018,112
18,16018,36018,41018,58018,71018,81118,84018,96019,21019,26019,36019,249
19,34019,48019,52019,59019,71019,76020,00020,14020,21020,45020,54020,428
Num-berof
banks
14,61514,61514,60614,60214,60814,59914,60514,60314,59914,59114,58614,575
14,57114,56314,55614,54614,54614,53714,53414,53214,52514,51814,51014,509
14,51014,48814,48214,47214,46814,46514,45714,44614,43614,42214,40614,367
14,36014,35114,33014,31414,31214,30914,30314,29014,28614,26914,26414,243
14,25014,23014,22914,22414,21814,20614,20414,20714,20614,19414,18614,167
14,16314,15814,16014,15414,14514,13814,13514,13314,12814,11314,10214,090
For note see p. 29.
24
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS — ContinuedA. COMMERCIAL AND MUTUAL SAVINGS BANKS, 1941-60 — Continued
[Single-date figures; amounts in millions of dollars]
Date
1958—Jan. 29..Feb. 26..Mar. 26..Apr. 30..May 28..June 23..July 30..Aug. 27..Sept. 24..Oct. 29..Nov. 26..Dec. 31..
1959—Jan. 28..Feb. 25..Mar. 25..Apr. 29..May 27..June 24..July 29..Aug. 26..Sept. 30..Oct. 28..Nov. 25..Dec. 31..
1960—Jan. 27..Feb. 24..Mar. 30..Apr. 27..May 25..June 29..July 27..Aug. 31..Sept. 28..Oct. 26..Nov. 30..Dec. 31..
Loans and investments
Total
201,780202,880205,990210,290210,440215,179213,100215,740215,470217,690220,210221,485
221,920220,340219,690222,610222,880223,200225,060225,780225,530225,870225,810227,831
225,530224,410223,770226,820226,710227,200229,370229,940232,100234,520234,510238,623
Loans
113,400113,580114,610115,220114,890117,808116,020116,390117,060117,960119,230121,571
121,030121,370122,850125,010126,440128,690130,350131,970132,610133,050134,520135,958
134,860135,710137,010138,660139,550140,990140,520141,230142,180141,720142,090144,764
U.S.Govt.obliga-tions
65,24065,77067,12070,31070,57071,61171,56073,51072,14073,50074,95073,641
74,85072,88070,58071,01070,01068,17068,40067,57066,47066,58065,36065,801
64,84063,00061,06062,57061,81060,76063,20063,11064,19066,79066,56067,242
Othersecu-rities
23,14023,53024,26024,76024,98025,76025,52025,84026,27026,23026,03026,273
26,04026,09026,26026,59026,43026,34026,31026,24026,45026,24025,93026,071
25,83025,70025,70025,59025,35025,45025,65025,60025,73026,01025,86026,617
Cashassets
41,95042,29042,22043,73042,00044,42342,73042,11042,19043,02045,13049,911
43,20043,56042,24043,30042,51042,73042,29042,15044,63044,03044,87050,296
43,16043,49042,53043,30042,03043,71043,77043,83044,50045,85046,88053,022
Totalassets—Totallia-
bilitiesand
capitalac-
counts 1
248,540250,060253,130259,000257,240264,525260,800262,700262,580265,490270,180276,430
270,100268,750266,880270,990270,480270,990272,520273,010275,500275,160275,990283,629
274,270273,430271,990275,760274,360276,710279,050280,000282,710286,550287,650298,126
Deposits
Total
222,430223,590226,810232,360230,280237,204233,880234,940234,420237,450241,070250,057
241,830239,740238,150242,100241,090241,230242,690242,550246,320244,850244,830254,885
243,550241,760239,630243,260241,320244,470245,900245,830249,330252,510254,200266,196
Interbank
De-mand
13,13013,00013,26013,93013,53013,78914,29014,15014,01014,00013,59015,799
13,11012,85013,03012,85012,75012,87012,63012,90013,70013,15013,20015,650
12,92012,71012,68012,52012,21013,30013,07013,50013,67014,18015,60017,080
Time
1,7002,1302,3002,3902,4502,4972,3902,3802,4002,3402,3602,374
2,4102,2902,3402,3602,2302,0301,9901,9101,7801,7101,6101,443
1,3901,2901,2701,4701,4901,4401,4801,6101,6701,6901,7401,800
Other
Demand
U.S.Govt.
2,1503,5005,5605,1805,4209,2094,0005,4904,2203,4405,6004,253
4,4904,1503,5904,2804,8904,4204,6805,7206,1405,1904,4005,054
3,5404,4804,4104,4806,8807,0606,2305,4407,3905,9705,3605,949
Other
116,680115,040114,210118,190115,260117,113117,620116,830117,460121,060123,610130,132
124,240122,520120,480123,470121,540121,600123,250121,490123,860124,350125,960131,622
125,320122,720119,720123,120118,720119,570121,460120,600121,130124,450125,290133,408
Time
88,77089,92091,48092,67093,62094,59695,58096,09096,33096,61095,91097,498
97,58097,93098,71099,14099,680100,310100,140100,530100,840100,45099,660101,116
100,380100,560101,550101,670102,020103,100103,660104,680105,470106,220106,210107,959
Bor-row-ings
1,1501,070900
1,0001,1101,137810
1,3001,5601,4002,150
81
1,7702,2102,0502,0902,2402,7102,5802,7701,4102,4802,860624
2,3402,8203,2903,0003,1802,1702,5902,9202,0502,4801,330167
Totalcapitalac-
counts
20,56020,70020,83020,91021,04021,35921,39021,54021,66021,71021,82021,705
21,78021,86021,98022,13022,27022,36022,51022,70022,84022,87022,99022,915
23,04023,15023,26023,35023,52023,77023,89024,12024,23024,37024,59024,539
Num-berof
banks
14,08114,07614,07814,07114,06514,05514,04014,03614,03414,02814,03314,020
14,03014,02214,01214,00914,00013,99713,99414,00413,99613,99513,99313,991
13,99713,99913,99913,99614,00214,00013,99913,99814,00013,98913,98513,986
For note see p. 29.
25
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS-B. COMMERCIAL BANKS, 1941-60
[Single-date figures; amounts in millions of dollars]
- Continued
Date
1941—June 30..Dec. 31..
1942—June 30..Dec. 31..
1943—June 30..Dec. 31..
1944—June 30..Dec. 30..
1945—June 30..Dec. 31..
1946—June 29..Dec. 31..
1947_jUne30..Dec. 31..
1948_Jan. 28..Feb. 25..Mar. 31..Apr. 28..May 26..June 30.July 28..Aug. 25..Sept. 29..Oct. 27..Nov.24..Dec. 31..
1949—Jan. 26..Feb. 23..Mar. 30..Apr. 27..May 25..June 30..July 27..Aug. 31..Sept. 28..Oct. 26..Nov. 30..Dec. 31..
1950—Jan. 25..Feb. 21..Mar. 29..Apr. 26..May 31..June 30..July 26..Aug. 30..Sept. 27..Oct. 25..Nov. 29..Dec. 30..
1951—Jan. 31..Feb. 28..Mar. 28..Apr. 25..May 30..June 30..July 25..Aug. 29..Sept. 26..Oct. 31..Nov. 28..Dec. 31..
Loans and investments
Total
47,62750,746
53,65267,393
76,63385,095
95,731105,530
114,505124,019
119,448113,993
112,756116,284
116,600115,540113,600114,340114,570113,855114,760115,100113,600114,120114,220114,298
114,470113,410112,500112,510113,440113,773114,770117,930118,530119,480119,700120,197
121,230120,600120,300120,330121,160121,767122,320123,300123,560124,450125,380126,675
125,050125,010125,740125,390125,060126,045126,070127,030128,550130,480131,860132,610
Loans
20,35521,714
20,26519,221
17,66519,117
21,01021,644
23,67226,083
27,13031,122
33,67938,057
38,24038,66038,86038,85039,52039,86540,14040,63041,72041,64042,32042,488
42,45042,03042,37041,32040,93041,02540,51041,19041,68041,78042,66042,965
42,94043,13043,65043,80044,08044,79645,98047,27048,93049,85051,51052,249
52,71053,54054,42054,35054,46054,82154,59055,16055,96056,75057,27057,746
U.S.Govt.obliga-tions
20,11421,808
26,41141,379
52,45459,842
68,43177,557
84,06990,606
84,47374,780
70,53969,221
69,35067,93065,47066,27065,87064 79865,31065,10062,46063,26062,78062,622
62,97062,24060,88061,95063,17063,22064,44066,71066,70067,56066,91067,005
67,98067,07065,81065,54066,10065,75164,95064,23062,54062,52061,74062,027
59,98059,06058,77058,47058,11058,52158,72059,14059,69060,85061,63061,524
Othersecu-rities
7,1597,225
6,9766,793
6,5146,136
6,2906,329
6,7647,331
7,8458,091
8,5389,006
9,0108,9509,2709,2209,1809,1929,3109,3709,4209,2209,1209,189
9,0509,1409,2509,2409,3409,5289,82010,03010,15010,14010,13010,227
10,31010,40010,84010,99010,98011,22111,39011,80012,09012,08012,13012,399
12,36012,41012,55012,57012,49012,70312,76012,73012,90012,88012,96013,339
Cashassets
25,79226,551
24,82228,039
25,94327,677
27,62930,206
30,12734,806
32,37834,223
32,70437,502
33,64033,66032,59032,63032,18034,16833,24033,11036,00036,82036,68038,596
36,13036,03034,24034,03032,82034,16632,60031,92031,63032,45032,68035,650
32,75032,87031,41031,88032,54033,26833,46033,33034,27034,70035,16040,289
36,95037,87036,56036,66036,22037,38436,92036,30038,17039,65039,16044,645
Totalassets—Totallia-
bilitiesand
capitalac-
counts 1
75,29579,104
80,20797,091
104,210114,350
124,904137,237
146,094160,312
153,321149,718
146,975155,377
151,910150,910147,870148,700148,580149,799149,840150,090151,360152,710152,710154,702
152,360151,280148,470148,300148,060149,699149,120151,700151,880153,680154,280157,677
155,780155,230153,400153,900155,560156,908157,690158,680159,680161,060162,500168,932
163,990164,960164,210164,050163,400165,501165,040165,520168,700172,270173,180179,465
Deposits
Total
67,50071,283
72,31289,135
96,080105,923
116,133128,072
136,607150,227
142,890139,033
135,907144,103
140,350139,180135,960136,910136,550138,142137,880138,110139,240140,720140,340142,843
140,040139,010136,070135,910135,650137,520136,480138,830139,170141,150141,330145,174
143,080142,440140,270140,820142,070143,827143,940144,950145,840147,280148,190155,265
149,230150,440149,650149,600148,570151,457150,560150,570153,870157,060157,540164,840
Interbank
De-mand Time
10,93610,982
10,27311,308
10,88311,003
11,21912,235
12,60514,065
12,31112,656
11,67912,792
11,75011,22010,67010,64010,38011,17811,03010,96011,02011,39011,28011,997
11,40010,67010,23010,04010,10010,60810,61010,93010,95011,40011,26012,388
11,73011,37010,93010,93010,78011,03910,90010,94011,11011,91011,85013,577
11,64011,58011,10011,25010,87011,42111,83011,63012,22012,88012,71014,536
240
250250250260260258260260260260260272
260260260270330330350330340340340321
320320300310350396410430430430460462
580580530490480525560570590610620550
Dei
U.S.Govt.
Other
Other
40,56544,349
46,37361,431
67,56675,569
83,58891,653
96,725105,921
98,04392,446
89,2811,343
1,2201,6602,2902,3602,2502,0722,2902,2802,6602,2102,1302,338
1,9102,9203,2801,9901,7902,1451,3302,9403,5803,4503,0603,074
3,1604,0104,1403,0503,0103,6223,4103,6503,4402,9202,8002,806
2,6104,0606,1705,6204,6206,1264,3503,8604,8803,4903,5803,359
94,367
91,79090,46087,15088,04088,08088,73488,50088,84089,47091,03091,05092,316
90,57089,17086,17087,41087,20087,98387,87088,33088,03089,71090,75093,062
91,58090,29088,26089,76091,14091,86392,63093,53094,50095,67097,010101,917
98,17097,97095,47095,80096,10096,38196,78097,23098,770102,310103,090108,259
Time
15,99915,952
15,66516,395
17,63219,350
21,32624,184
27,27630,241
32,53633,930
34,94735,360
35,34035,59035,60035,61035,58035,89935,80035,77035,83035,83035,62035,920
35,90035,99036,13036,20036,23036,45536,32036,30036,27036,25035,92036,328
36,29036,45036,64036,77036,79036,90736,59036,40036,36036,35036,07036,503
36,23036,25036,38036,44036,50037,00437,04037,28037,41037,77037,54038,137
Bor-row-ings
1523
1613
2849
86123
69219
8745
6365
2803404602403106629027035019048056
4403404203803403054067038017045020
3102805104105304661039042026066090
1,15087091064094075450720590730
1,01034
Totalcapitalac-
counts
7,1067,173
7,2377,330
7,5017,719
7,9828,265
8,6188,950
9,3529,577
9,88010,059
10,11010,15010,17010,20010,29010,28710,34010,39010,42010,46010,48010,480
10,55010,56010,62010,65010,66010,78010,76010,83010,88010,93011,05010,967
10,98011,02011,08011,09011,25011,38711,42011,47011,50011,58011,62011,590
11,61011,63011,66011,13011,77011,95111,98012,06012,09012,20012,20012,216
Num-berof
banks
14,30514,278
14,22814,136
14,07314,034
14,00913,992
14,00014,011
14,02614,044
14,18314,181
14,18514,19314,19714,19814,19414,18714,18514,18714,18814,18014,17714,171
14,16814,15914,16214,16214,16114,15014,15414,15714,16014,15914,15414,156
14,15814,15214,15114,15314,14314,14414,13514,12714,12914,12914,13014,121
14,11614,11014,12014,11714,11414,10714,10814,10514,10514,10214,09614,089
For note see p. 29.
26
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS — ContinuedB. COMMERCIAL BANKS, 1941-60 — Continued
[Single-date figures; amounts in millions of dollars]
Date
1952—Jan. 30.Feb. 27.Mar. 26.Apr. 30.May 28.June 30.July 30.Aug. 27.Sept. 24.Oct. 29.Nov. 26.Dec. 31.
1953—Jan. 28.Feb. 25.Mar. 25.Apr. 29.May 27.June 30.July 29.Aug. 26.Sept. 30.Oct. 28.Nov. 25..Dec. 31..
1954__jan. 27..Feb. 24..Mar. 31..Apr. 28..May 26..June 30..July 28..Aug. 25..Sept. 29..Oct. 27..Nov. 24..Dec. 31..
1955—Jan. 26..Feb. 23..Mar. 30..Apr. 27..May 25..June 30..July 27..Aug. 31..Sept. 28..Oct. 26..Nov. 30..Dec. 31..
1956—Jan. 25..Feb. 29..Mar. 28..Apr. 25..May 30..June 30..July 25..Aug. 29..Sept. 26..Oct. 31..Nov. 28..Dec. 31..
1957_jan. 30..Feb. 27..Mar. 27..Apr. 24..May 29..June 26..July 31..Aug. 28..Sept. 25..Oct. 30..Nov. 27..Dec. 31..
Loans and investments
Total
132,77132,24132,53132,34133,06134,43136,76136,55137,09139,44141,66141,62
140,78140,10140,00138,52138,10137,957143,190143,130142,990143,970145,530145,687
145,330144,900142,790144,110145,690146,383147,280149,490150,580154,010155,710155,916
156,250154,820153,490155,540155,570155,264156,990156,680157,260158,860159,390160,881
159,410158,350159,930160,080159,690160,008159,580161,030162,030162,540163,970165,123
162,810162,490162,860165,120165,070165,600165,380165,900166,320167,900167,270170,068
Loans
57,5157,5957,8458,2258,5259,2359,72060,21061,20062,41063,40064,16
63,86064,07065,17065,28065,44065,02565,63066,04066,26067,12067,25067,593
66,46066,87067,05066,75067,12067,33767,29066,45067,25067,74069,45070,619
70,55071,18072,31072,92073,85075,18376,57077,34078,39079,21081,39082,601
81,98082,54084,69085,29085,96086,88787,14087,47088,48088,78089,51090,302
88,93089,34090,63090,99091,18093,28092,34092,84093,40092,97092,94093,899
U.S.Govt.obligations
61,9961,2661,1260,4560,7061,1762,9061,96061,61062,86064,09063,31
62,76061,90060,52058,89058,31058,64463,22062,59062,20062,34063,72063,426
64,16063,03060,65062,13063,28063,50864,34067,30067,33070,16070,11068,981
69,00066,80064,18065,63065,00063,27163,70062,49062,02062,86061,37061,592
60,90059,17058,60058,15057,31056,62056,19057,17056,95057,45058,20058,552
57,71056,83055,74057,46057,07055,50056,28056,17055,87057,31056,91058,239
Othersecu-rities
13,2713,3913,5713,6713,8414,0214,14014,38014,28014,17014,17014,143
14,16014,13014,31014,35014,35014,28714,34014,50014,53014,51014,56014,668
14,71015,00015,09015,23015,29015,53815,65015,74016,00016,11016,15016,316
16,70016,84017,00016,99016,72016 80916,72016,85016,85016,79016,63016,688
16,53016,64016,64016,64016,42016,50216,25016,39016,60016,31016,26016,269
16,17016,32016,49016,67016,82016,82016,76016,89017,05017,62017,42017,930
Cashassets
39,0738,9739,3839,2238,5340,7039,2638,3840,1340,4041,8244,66
39,92040,50039,42038,56038,45041,15638,42038,26040,64040,10040,71044,828
40,33040,29040,49039,83039,33041,56939,26038,54039,67040,72041,26043,559
41,08040,47039,25039,92038,70041,02539,79039,68040,19040,59041,58046,838
40,26040,53039,94039,88039,97042,44439,92039,73041,70042,36042,39048,720
40,80041,51040,70041,26040,77041,38042,04041,32041,26041,79042,80048,428
Totalassets—Totallia-
bilitiesand
capita]ac-
counts
174,01173,52174,02173,80173,89177,41178,250177,210179,40182,080185,790188,60
182,960182,870181,570179,320178,870181,425183,940183,790186,080186,480188,720193,010
188,150187,670185,740186,520187,670190,585189,190190,670192,900197,480199,720202,378
200,270198,250195,700198,540197,210199,249199,710199,340200,350202,410204,100210,734
202,730202,040202,980203,070202,780205,712202,690204,090207,160208,430209,930217,460
207,290207,680207,230210,160209,600210,710211,310211,250211,590213,840214,220222,696
Deposits
Total
158,41157,62158,81157,91157,72162,34161,56160,77163,26164,99168,34172,93
165,780165,830164,530162,180161,630165,531166,880166,520169,090169,050170,920176,702
171,360170,270169,220169,400170,080174,068171,770173,130175,300179,300181,280184,757
181,590179,240176,460179,500177,990181,516180,470180,200180,990182,640184,020192,254
182,720181,670182,440182,330181,980186,326181,980183,150185,690186,990188,370197,515
185,930185,940185,440188,460187,370188,880189,710188,680188,930190,740191,050201,326
Interbank
De-mand
12,7812,3612,65011,7911,63012,8912,11012,26013,22013,12013,14014,575
12,78012,53012,14011,90011,84012,75212,10012,02013,00013,25013,10014,788
13,48012,91013,07012,75012,52013,79813,18013,42013,68013,97013,87015,050
13,43012,79012,92012,87012,33013,48312,73012,84012,94012,96013,01015,058
13,04012,64012,78012,75012,18013,62613,02012,90013,48013,77013,77016,133
12,72012,82013,01013,04012,20012,90013,51012,97013,35013,24013,09015,636
Time
540540550550570614630630650690740744
740730760790810846860900900
1,0501,1301,167
1,2301,3001,4201,5101,5901,6991,7601,7901,7901,7001,7001,759
1,8001,7601,7501,7001,6901,7591,7601,7301,7601,7501,7701,585
1,5101,4201,4301,4701,5101,6131,5401,5601,5901,6101,5901,460
1,4601,4601,4701,4101,5001,4801,4401,4001,4501,4701,4601,385
Other
Demand
U.S.Govt.
2,5303,6305,5604,2304,0905,8376,7005,9006,1805,0006,7204,941
3,9205,1005,5302,5602,6003,6347,1706,6805,8703,4405,4104,146
3,1104,2205,0604,1904,8105,5913,5805,1404,1205,7306,6204,172
3,4704,2604,0704,6105,1305,0785,7404,8604,2204,5304,2103,709
2,0103,6406,1704,1105,4505,2323,2905,4605,1103,4804,9303,733
1,6202,5103,5104,0505,0404,4903,3904,1303,5803,1803,0403,898
Other
104,30102,58101,30102,41102,28103,38102,440102,090103,140105,770107,440111,659
107,260106,150104,550105,150104,330105,718104,120104,130106,190107,780108,030112,604
109,470107,500104,860105,950105,780106,996106,960106,240108,970110,870112,490116,567
115,710113,120110,150112,710111,060112,983112,190112,440113,640114,860116,930123,187
117,550115,090112,870114,860113,520115,824114,110113,020115,110117,560118,110125,282
118,570117,040114,520116,690114,740115,660116,660115,120115,130117,070118,160123,967
Time
38,2638,51038,75038,93039,15039,6139,68039,89040,07040,41040,30041,012
41,08041,32041,55041,78042,05042,58142,63042,79043,13043,53043,25043,997
44,07044,34044,81045,00045,38045,98346,29046,54046,74047,03046,60047,209
47,18047,31047,57047,61047,78048,21448,05048,33048,43048,54048,10048,715
48,61048,88049,19049,14049,32050,03050,02050,21050,40050,57049,97050,908
51,56052,11052,93053,27053,89054,35054,71055,06055,42055,78055,30056,440
Bor-row-ings
9301,080470
1,0501,22094
1,7701,400920
1,7201,960188
1,7101,4801,5201,4801,420113
1,1601,200640
1,0301,29062
5201,0102306309605575076061076079031
9701,0901,4901,2901,390150
1,5001,2001,2801,4601,480159
1,5901,6301,8101,8701,740354
1,5801,4801,6201,4501,39075
1,4901,6701,8301,5501,9101,6901,2201,7501,6901,7901,71077
Totalcapitalac-
counts
12,24012,28012,34012,46012,50012,6012,58012,63012,72012,80012,82012,888
12,89012,95012,98013,07013,18013,27513,29013,35013,52013,57013,63013,559
13,60013,70013,75013,87013,93014,03814,06014,12014,20014,42014,64014,576
14,65014,73014,68014,77014,89014,90614,98015,10015,11015,30015,39015,300
15,34015,51015,55015,71015,82015,92715,94016,04016,28016,33016,40016,302
16,38016,50016,52016,58016,68016,75016,97017,09017,14017,38017,44017,368
Num-berof
banks
14,08614,08614,07714,07314,07914,07014,07614,07414,07014,06214,05714,046
14,04214,03514,02814,01814,01814,00914,00614,00413,99713,99013,98213,981
13,98213,96013,95413,94413,94013,93713,92913,91913,90913,89513,87913,840
13,83313,82413,80313,78613,78413,78113,77613,76313,75913,74213,73713,716
13,72313,70313,70213,69713,69113,67913,67713,68013,67913,66713,65913,640
13,63613,63113,63313,62813,61913,61313,61013,60813,60313,58813,57813,568
For note see p. 29.
27
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS — ContinuedB. COMMERCIAL BANKS, 1941-60 — Continued
[Single-date figures; amounts in millions of dollars]
Date
1958—Jan. 29..Feb. 26..Mar. 26..Apr. 30..May 28..June 23..July 30..Aug. 27..Sept. 24..Oct. 29..Nov. 26..Dec. 31..
1959_jan. 28..Feb. 25..Mar. 25..Apr. 29..May 27..June 24..July 29..Aug. 26..Sept. 30..Oct. 28..Nov. 25..Dec. 31..
I960—Jan. 27..Feb. 24..Mar. 30..Apr. 27..May 25..June 29..July 27..Aug. 31..Sept. 28..Oct. 26..Nov. 30..Dec. 31..
Loans and investments
Total
167,650168,580171,410175,560175,440179,905177,600179,990179,510181,670184,050185,165
185,620183,840182,940185,740185,810185,920187,660188,190187,790188,380188,280190,270
187,780186,540185,680188,810188,580188,900190,890191,240193,270195,580195,490199,509
Loans
92,02092,09092,98093,45092,90095,57193,61093,76094,23094,97096,06098,214
97,71097,89099,190101,210102,440104,450105,940107,370107,830108,160109,470110,832
109,550110,250111,390112,950113,630114,840114,170114,660115,430114,790115,010117,642
U.S.Govt.obliga-tions
57,70058,26059,55062,83063,14064,19464,13066,06064,72066,17067,66066,376
67,53065,52063,16063,63062,62060,86061,11060,29059,23059,62058,48058,937
57,98056,17054,16055,83055,14054,21056,70056,58057,69060,39060,18061,003
Othersecu-rities
17,93018,23018,88019,28019,40020,14019,86020,17020,56020,53020,33020,575
20,38020,43020,59020,90020,75020,61020,61020,53020,73020,60020,33020,501
20,25020,12020,13020,03019,81019,85020,02020,00020,15020,40020,30020,864
Cashassets
41,07041,34041,29042,85041,12043,50741,88041,27041,33042,16044,31048,990
42,40042,74041,38042,55041,76041,93041,57041,43043,91043,33044,15049,467
42,47042,78041,78042,61041,36042,88043,01043,08043,71045,10046,11052,150
Totalassets—Totallia-
bilitiesand
capitalac-
counts 1
213,050214,320217,090222,870220,840227,847223,970225,620225,260228,130232,700238,651
232,470230,900228,710232,830232,100232,380233,870234,170236,500236,440237,210244,686
235,280234,300232,590236,480234,980237,040239,270240,000242,530246,290247,290257,552
Deposits
Total
190,470191,480194,400199,850197,590204,335200,920201,840201,050203,990207,570216,017
207,960205,760203,850207,800206,670206,630208,130207,910211,480210,200210,210219,903
208,650206,810204,350208,080206,090209,010210,420210,240213,520216,580218,230229,843
Interbank
De-mand
13,13013,00013,26013,93013,53013,78914,29014,15014,01014,00013,59015,799
13,11012,85013,03012,85012,75012,87012,63012,90013,70013,15013,20015,649
12,92012,71012,68012,52012,21013,30013,07013,50013,67014,18015,60017,079
Time
1,7002,1302,3002,3902,4502,4952,3902,3802,4002,3402,3602,372
2,4102,2902,3402,3602,2302,0301,9901,9101,7801,7101,6101,441
1,3901,2901,2701,4701,4901,4401,4801,6101,6701,6901,7401,799
Other
Demand
U.S.Govt.
2,1503,5005,5605,1805,4209,2054,0005,4904,2203,4405,6004,250
4,4904,1503,5904,2804,8904,4204,6805,7206,1405,1904,4005,050
3,5404,4804,4104,4806,8807,0606,2305,4407,3905,9705,3605,945
Other
116,650115,010114,180118,160115,230117,086117,590116,800117,430121,030123,580130,104
124,210122,490120,450123,440121,510121,570123,220121,460123,830124,320125,930131,593
125,290122,690119,690123,090118,690119,540121,430120,570121,100124,420125,260133,379
Time
56,84057,84059,10060,19060,96061,75962,65063,02062,99063,18062,44063,493
63,74063,98064,44064,87065,29065,74065,61065,92066,03065,83065,07066,169
65,51065,64066,30066,52066,82067,67068,21069,12069,69070,32070,27071,641
Bor-row-ings
1,1501,070900
1,0001,1101,136810
1,3001,5601,4002,150
73
1,7702,2102,0502,0902,2402,7102,5802,7701,4102,4802,860615
2,3402,8203,2903,0003,1802,1702,5902,9202,0502,4801,330163
Totalcapitalac-
counts
17,47017,58017,71017,81017,92018,17818,19018,31018,41018,47018,55018,486
18,57018,62018,73018,89018,99019,03019,17019,34019,44019,50019,59019,556
19,65019,73019,86019,96020,11020,28020,38020,58020,66020,81021,00020,986
Num-berof
banks
13,56113,55613,55813,55113,54513,53513,52113,51713,51513,50913,51413,501
13,51213,50413,49413,49113,48213,47913,47613,48613,47813,47813,47613,474
13,48013,48213,48213,48013,48613,48513,48413,48313,48513,47413,47013,472
For note see p. 29.
28
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
3. PRINCIPAL ASSETS, LIABILITIES, AND NUMBER OF BANKS — ContinuedC. MUTUAL SAVINGS BANKS, 1941-60
[Single-date figures; amounts in millions of dollars]
Call date
Loans and investments
Total Loans
Investments
TotalU.S. Gov-ernment
obligationsOther
securities
Cashassets
Totalassets—
Totalliabilities
andcapital
accountsl
Totaldeposits
Totalcapitalaccounts
Numberof
banks
1941_june 30.Dec. 31.
1942—June 30.Dec. 31.
1943_june 30.Dec. 31.
1944_june 30.Dec. 30.
1945—June 30.Dec. 31.
1946—June 29.Dec. 31.
1947—June 30.Dec. 31.
1948—June 30.Dec. 31.
1949—June 30.Dec. 31.
1950—June 30.Dec. 30.
1951—June 30.Dec. 31.
1952—June 30.Dec. 31.
1953—June 30.Dec. 31.
1954—June 30.Dec. 31.
1955—June 30.Dec. 31.
1956—June 30.Dec. 31.
1957—June 6.Dec. 31.
1958—June 23.Dec. 31.
1959—June 10Dec. 31
I960—June 15Dec. 31
10,32110,379
10,36010,754
11,24811,871
12,97613,931
15,13416,208
17,12517,704
18,33918,641
19,22619,395
20,09420,400
21,19221,346
21,69722,259
23,09124,003
25,12425,810
26,95927,868
28,99029,898
31,06631,940
32,95033,782
35,27436,320
37,22137,561
38,30039,114
4,9584,901
4,8224,695
4,5814,484
4,4144,370
4,3074,279
4,3564,526
4,6864,944
5,2345,686
6,0506,578
7,2038,137
9,0209,862
10,50911,349
12,09112,925
13,89014,998
16,17217,456
18,63919,777
20,48721,216
22,23723,357
24,14925,126
26,06927,122
5,3635,478
5,5386,059
6,6667,387
8,5629,560
10,82711,928
12,76913,179
13,65313,696
13,99213,709
14,04413,822
13,98913,209
12,67712,398
12,58212,654
13,03312,885
13,06912,871
12,81812,442
12,42712,163
12,46312,565
13,03712,963
13,07212,435
12,23011,992
3,4263,704
3,8914,572
5,2906,090
7,3068,328
9,58810,682
11,43811,778
12,14011,978
11,97611,476
11,65711,428
11,56910,868
10,2059,819
9,6069,422
9,4649,184
9,0178,748
8,6758,460
8,2977,971
7,9067,552
7,4177,265
7,3496,864
6,6286,239
1,9371,774
1,6471,487
1,3761,297
1,2571,232
1,2401,246
1,3311,400
1,5131,718
2,0162,233
2,3872,394
2,4202,342
2,4722,579
2,9763,231
3,5693,701
4,0524,123
4,1423,982
4,1304,192
4,5575,013
5,6205,698
5,7245,570
5,6035,752
968793
753663
722797
535584
583609
747818
839886
832878
800873
831797
851886
966918
867983
9871,026
989965
917920
839890
916921
780829
764872
11,99611,804
11,68211,933
12,42913,046
13,83614,788
15,95117,020
18,05418,703
19,36219,714
20,25220,474
21,10521,493
22,25222,385
22,83523,439
24,37825,233
26,33327,130
28,31529,276
30,38231,274
32,42133,311
34,25435,168
36,67837,779
38,52638,943
39,59840,574
10,64810,533
10,39510,668
11,14111,738
12,47113,376
14,42615,385
16,28116,869
17,44217,763
18,21118,405
18,94919,293
19,94320,031
20,40420,915
21,78222,621
23,62824,398
25,44026,359
27,33428,187
29,18430,032
30,67831,695
32,86934,040
34,50334,983
35,33536,353
1,3121,241
1,2491,236
1,2471,276
1,3251,378
1,4771,592
1,7151,784
1,8421,889
1,9551,999
2,0652,122
2,1892,247
2,2852,407
2,4382,479
2,5162,559
2,6262,694
2,7572,812
2,8852,947
3,0423,059
3,1813,219
3,3153,359
3,4653,553
550548
547546
545545
544543
542542
541541
533533
532532
530531
530529
529529
529529
528528
528527
528527
527527
525522
520519
518517
515514
1 Includes other assets and liabilities not shown separately.
29
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
4. NUMBER AND DEPOSITS OF COMMERCIAL AND[June and
NUMBER
Call date Total
Commercial banks
Total
Member banks
Total National State
Nonmember banks
Total InsuredNon-
insured
Mutual savings banks
Total
550548
547546
545545
544543
542542
541541
533533
532532
530531
530529
529529
529529
528528
528527
528527
527527
525522
520519
518517
515514
Insured
5352
5356
61184
192192
192192
191191
191194
193193
191192
192194
201202
205206
213219
219218
218220
220223
234239
239241
251268
268325
Non-insured
1941—June 30.Dec. 31 .
1942—June 30.Dec. 31 .
1943_jUne30.Dec. 31 .
1944_ j u n e30 .Dec. 30.
1945—June 30.Dec. 31 .
1946—June 29.Dec. 31.
1947_j u n e30 .Dec. 31 .
1948—June 30.Dec. 31 .
1949—June 30.Dec. 31 .
1 9 5 0 _ j u n e 3 0 .Dec. 30.
1951—June 30.Dec. 31 .
1952—June 30.Dec. 31 .
1953_jUne3O.Dec. 31 .
1954—June 30.Dec. 31 .
1955—June 30.Dec. 31 .
1956—June 30.Dec. 31 .
1957—June 6 . .Dec. 31 .
1958—June 23.Dec. 31 .
1959_june 10.Dec. 31 .
I960—June 15.Dec. 31 .
14,85514,826
14,77514,682
14,61814,579
14,55314,535
14,54214,553
14,56714,585
14,71614,714
14,71914,703
14,68014,687
14,67414,650
14,63614,618
14,59914,575
14,53714,509
14,46514,367
14,30914,243
14,20614,167
14,14414,090
14,05514,020
13,98813,991
14,00613,986
14,30514,278
14,22814,136
14,07314,034
14,00913,992
14,00014,011
14,02614,044
14,18314,181
14,18714,171
14,15014,156
14,14414,121
14,10714,089
14,07014,046
14,00913,981
13,93713,840
13,78113,716
13,67913,640
13,61913,568
13,53513,501
13,47013,474
13,49113,472
6,5566,619
6,6476,679
6,7036,738
6,7736,814
6,8406,884
6,8876,900
6,9286,923
6,9256,918
6,9036,892
6,8856,873
6,8596,840
6,8156,798
6,7656,743
6,7216,660
6,6116,543
6,4996,462
6,4456,393
6,3576,312
6,2806,233
6,2176,174
5,1305,117
5,1015,081
5,0605,040
5,0365,025
5,0155,017
5,0125,007
5,0125,005
4,9984,991
4,9874,975
4,9714,958
4,9464,939
4,9254,909
4,8744,856
4,8354,789
4,7444,692
4,6674,651
4,6474,620
4,5994,578
4,5594,542
4,5424,530
1,4261,502
1,5461,598
1,6431,698
1,7371,789
1,8251,867
1,8751,893
1,9161,918
1,9271,927
1,9161,917
1,9141,915
1,9131,901
1,8901,889
1,8911,887
1,8861,871
1,8671,851
1,8321,811
1,7981,773
1,7581,734
1,7211,691
1,6751,644
7,7527,662
7,5847,460
7,3737,299
7,2397,181
7,1637,130
7,1427,147
7,2587,261
7,2657,256
7,2507,267
7,2627,251
7,2517,252
7,2587,251
7,2477,241
7,2197,183
7,1737,176
7,1837,181
7,1777,178
7,1817,192
7,1937,244
7,2767,300
6,8696,810
6,7556,667
6,5986,535
6,4946,452
6,4406,416
6,4466,457
6,4616,478
6,4936,498
6,5176,540
6,5536,562
6,5816,602
6,6226,627
6,6556,672
6,6626,647
6,6606,677
6,7136,737
6,7486,753
6,7686,793
6,8106,878
6,9266,948
883852
829793
775764
745729
723714
696690
797783
772758
733727
709689
670650
636624
592569
557536
513499
470444
429425
413399
383366
350352
497496
494490
484361
352351
350350
350350
342339
339339
339339
338335
328327
324323
315309
309309
310307
307304
291283281278
267249
247189
30
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
MUTUAL SAVINGS BANKS, BY CLASS OF BANK, 1941-60
December call dates] DEPOSITS[In millions of dollars]
Total
Commercial banks
Total
Member banks
Total National State
Nonmember banks
Total InsuredNon-
insured
Mutual savings banks
Total
10,64810,533
10,39510,664
11,14111,738
12,47113,376
14,42615,385
16,28116,869
17,44217,763
18,21118,405
18,94919,293
19,94320,031
20,40420,915
21,78222,621
23,62824,398
25,44026,359
27,33428,187
29,18430,032
30,67831,695
32,86934,040
34,50334,983
35,33536,353
Insured
1,8031,789
1,8642,048
2,7397,534
8,2358,910
9,67110,363
10,97911,428
11,90112,207
12,58112,772
13,24113,592
14,12814,320
14,92415,368
16,08116,785
17,69518,383
19,19519,885
20,59021,237
21,95922,886
23,57825,022
26,08227,277
28,04128,577
28,82431,502
Non-insured
Call date
78,12081,816
82,70699,796
107,224117,661
128,605141,449
151,033165,612
159,171155,902
153,349161,865
156,353161,248
156,470164,467
163,770175,296
171,860185,756
184,130195,552
189,159201,100
199,508211,115
208,850220,441
215,510227,546
216,986233,020
237,204250,057
242,096254,885
249,163266,196
67,47271,283
72,31189,132
96,083105,923
116,133128,072
136,607150,227
142,890139,033
135,907144,103
138,142142,843
137,520145,174
143,827155,265
151,457164,840
162,348172,931
165,531176,702
174,068184,757
181,516192,254
186,326197,515
186,308201,326
204,335216,017
207,594219,903
213,829229,843
58,51261,717
63,40478,277
84,01692,262
101,276110,917
118,378129,670
122,519118,170
115,435122,528
117,452121,362
116,980123,885
122,707133,089
129,737141,015
138,769147,527
140,830150,164
148,252157,252
154,670163,757
158,388167,906
157,593170,637
173,904182,816
174,811184,706
179,519193,029
37,27339,458
40,53450,468
54,58959,961
65,58571,858
76,53384,939
80,21278,775
77,14682,023
78,75381,407
78,21983,113
82,43089,281
86,58994,173
92,72098,974
94,475100,654
99,362105,851
98,636103,903
100,826107,161
100,989109,091
110,065116,714
112,659119,638
116,178124,911
21,23822,259
22,87127,808
29,42732,302
35,69039,059
41,84444,730
42,30739,395
38,28940,505
38,69939,955
38,76140,772
40,27743,808
43,14946,843
46,04948,553
46,35549,510
48,89051,401
56,03459,854
57,56360,744
56,60561,545
63,83966,102
62,15265,069
63,34168,118
8,9699,574
8,91510,864
12,07613,671
14,86917,168
18,24220,571
20,38720,879
20,48821,591
20,70621,497
20,55621,305
21,13722,193
21,73723,843
23,59825,424
24,72226,560
25,83827,528
26,87028,522
27,96229,635
28,74030,715
30,45833,227
32,81035,224
34,32836,834
7,1047,702
7,7549,535
10,55711,842
12,88014,809
15,88018,119
18,10818,836
18,24019,340
18,50919,296
18,41019,269
19,10820,216
19,74121,912
21,60623,464
22,84124,555
23,81925,657
25,08226,779
26,31628,073
27,29229,266
28,94231,696
31,36533,795
32,94235,391
1,8651,872
1,1611,329
1,5191,829
1,9892,358
2,3622,452
2,2792,043
2,2482,251
2,1972,201
2,1462,036
2,0291,976
1,9961,932
1,9931,960
1,8802,005
2,0201,871
1,7881,742
1,6461,562
1,4481,449
1,5161,532
1,4441,429
1,3861,443
8,8458,744
8,5318,616
8,4024,203
4,2364,466
4,7545,022
5,3025,442
5,5415,556
5,6305,633
5,7095,702
5,8155,711
5,4795,547
5,7025,836
5,9336,015
6,2466,474
6,7436,950
7,2257,146
7,1006,672
6,7876,763
6,4616,405
6,5114,850
.June 30—1941
.Dec. 31
.June 30—1942
.Dec. 31
.June 30—1943
.Dec. 31
.June 30—1944
.Dec. 30
.June 30—1945
.Dec. 31
.June 29—1946
.Dec. 31
.June 30—1947
.Dec. 31
.June 30—1948
.Dec. 31
.June 30—1949
.Dec. 31
.June 30—1950
.Dec. 30
.June 30—1951Dec. 31
June 30—1952Dec. 31
June 30—1953Dec. 31
June 30—1954Dec. 31
June 30—1955Dec. 31
June 30—1956Dec. 31
June 6 1957Dec. 31
June 23—1958Dec. 31
June 10—1959Dec. 31
June 15—1960Dec. 31
31
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
5. CHANGES IN THE NUMBER OF COMMERCIAL BANKS, BY
Character of change Total 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950
IncreasePrimary organizations.Unclassified1
DecreaseSuspensionsConsolidations and absorptions:
Converted into branchesOther
Voluntary liquidationsUnclassified
Number at end of year.
IncreasePrimary organizationsConversions from State member.Conversions from nonmemberUnclassified1
DecreaseSuspensionsConsolidations and absorptions:
Converted into branchesOther
Voluntary liquidationsConversions to State member.. . .Conversions to nonmemberUnclassified
Number at end of year.
IncreasePrimary organizationsAdmissions of nonmember.Conversions from national.Unclassified *
DecreaseSuspensionsConsolidations and absorptions:
Converted into branchesOther
Voluntary liquidationsConversions to nationalWithdrawals from membership. .Unclassified
Number at end of year.
IncreasePrimary organizationsConversions from nationalWithdrawals from membership.Unclassified i
DecreaseSuspensionsConsolidations and absorptions:
Converted into branchesOther
Voluntary liquidationsConversions to nationalAdmissions to membershipUnclassified
Number at end of year.
All commercial banks
1,9091,734
175
2,78164
2,336362
19
5453
1
1208
604210
14,278
2722
5
1689
8969
1
14,136
53494
1534
8662
1
14,034
6969
1111
7238
13,992
118117
1
99
8019
14,011
144144
111
544017
14,044
234111123
971
5529111
14,181
80
90
5619123
14,171
78726
934
581912
14,156
6968
1
1041
712012
14,121
National banks
477315787410
1,09111
96045
569
1
13742
404
22
626
41
287
13355
542
21
36
275
331779
41
34
2
3521113
45
21193
5,117 5,081 5,040 5,025 5,017 5,007 5,005 4,991 4,975 4,958 4,939
271962
29 32
219
191243
35
247211
29
2161
State member banks
932108817
52
6322
374
1278
166
169
1662
12
1062
104
10
1174
113
17
1135
108
22
958
87
17
659
56
39
1,499 1,595 1,695 1,786 1,864 1,890 1,915 1,924 1,914 1,912 1,898
521438
27
325
27
23
226
151
32
1789
19
Nonmember commercial banks
1,7101,311
69166164
2,26851
1,002
30574
81719
5745651
2534
37342
16610
7,662
3320625
2349
56613
1041
7,460
5642734
2152
45495
1131
7,299
675647
1851
37
327
108
7,181
1009252
151
38
17987
7,130
127114211
110
f 21I 18
12356
7,147
2077815
123
931
251882381
7,261
666024
71
199112273
7,256
72541116
614
20910315
7,267
5953141
751
39131129
7,251
1 Includes reopenings of suspended banks in the following years:1942—1 nonmember; 1953—1 State member and 2 nonmember; and1957_1 national; total for 1941-60, 5.
32
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
CLASS OF BANK AND BY CHARACTER OF CHANGE, 1941-60
1953 1954 1955 1956 1957 1958 1959 1960 Character of change
All commercial banks
67643
1324
9223103
13,981
75732
2163
175317
13,840
116116
2404
204275
13,716
123123
1993
166237
13,640
91892
1633
134233
13,568
9797
1648
126255
13,501
14511728
1723
148183
13,474
135135
1372
10625
4
13,472
National banks
67
4
4,856
3118481
98
80141
1332
11510113
801
6510
1
4,789 4,692 4,651 4,620 4,578
2620222
57
458
251933
671
569
3723
617
73
647
2
4,542
59
9
4,530
State member banks
211010
23
1,884
34
224
42 56
363
1,868 1,848 1,808 1,770 1,731
481
266
48
255
52
27316
15
1,688
58
1,642
Nonmember commercial banks
5242442
623
2411101103
7,241
5749341
1153
73136812
7,183
898432
962
55134616
7,176
10487314
992
65105710
7,181
8266313
851
639327
7,178
9276115
787
4511537
7,192
1289021521
763
578215
7,244
132989
25
7,300
.Increase
. . . Primary organizations
. . . Unclassified 1
. Decrease. . . Suspensions. . . Consolidations and absorptions:
Converted into branchesOther
. . . Voluntary liquidations
. . . Unclassified
.Number at end of year
.Increase
. . . Primary organizations
. . . Conversions from State member
. . . Conversions from nonmember
. . . Unclassified l
.Decrease
. . . Suspensions
. . .Consolidations and absorptions:Converted into branchesOther
. . . Voluntary liquidations
. . . Conversions to State member
. . . Conversions to nonmember
. . . Unclassified
.Number at end of year
.Increase
. . . Primary organizations
. . . Admissions of nonmember
. . . Crviversions from national
. . . Unclassified *
. Decrease
. . . Suspensions
. . . Consolidations and absorptions:Converted into branchesOther
. . .Voluntary liquidations
. . . Conversions to national
. . . Withdrawals from membership
. . . Unclassified
.Number at end of year
.Increase. . . Primary organizations. . . Conversions from national. . . Withdrawals from membership...Unclassified 1
. Decrease
. . . Suspensions
. . . Consolidations and absorptions:Converted into branchesOther
. . .Voluntary liquidations
. . . Conversions to national
. . .Admissions to membership
. . . Unclassified
. Number at end of year
33
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
6. NUMBER OF BANKS ON THE PAR LIST AND NOT ON THE PAR LIST,[End of
F. R. district and class of bank
All districts:On par list total . . . . . . . . .
MemberNonmember . . . . . . . . .
Not on par list (nonmember)
Boston:On par list, total
MemberNonmember
Not on par list (nonmember)
New York:On par list total
MemberNonmember . . .
Not on par list (nonmember)
Philadelphia:On par list total
MemberNonmember
Not on par list (nonmember)
Cleveland:On par list total
MemberNonmember
Not on par list (nonmember)
Richmond:On par list total
MemberNonmember
Not on par list (nonmember)
Atlanta:On par list total
MemberNonmember . . . . . .
Not on par list (nonmember)
Chicago:On par list total
MemberNonmember
Not on par list (nonmember)
St. Louis:On par list, total
MemberNonmember
Not on par list (nonmember)
Minneapolis:On par list total
MemberNonmember
Not on par list (nonmember)
Kansas City:On par list total
MemberNonmember
Not on par list (nonmember)
Dallas:On par list, total
MemberNonmember
Not on par list (nonmember)
San Francisco:On par list total
MemberNonmember
Not on par list (nonmember)
1941
11,5436,6194,9242,731
509347162
992797195
883659224
1,211673538
2
722447275289
39931782
704
2,237899
1,338220
1,058437621443
567452115716
1,646741905176
814573241152
50527722829
1942
11,4226,6794,7432,710
508348160
987799188
873652221
1,195685510
2
722460262288
40531887
693
2,226925
1,301215
1,035450585446
557454103718
1,608744864173
809570239149
49727422326
1943
11,5016,7384,7632,529
504346158
976806170
862646216
1,183707476
2
724465259284
40031684
696
2,349953
1,39686
1,051456595413
555454101715
1,593741852167
814575239143
49027321723
1944
11,5526,8144,7382,445
503347156
964816148
858647211
1,180710470
1
733468265274
40831692
696
2,361969
1,39271
1,073475598387
56646799
702
1,590749841164
824580244136
492270222
14
1945
11,8766,8844,9922,133
495340155
955814141
851647204
1,177721456
756472284249
489325164626
2,396995
1,40162
1,093490603366
588472116685
1,732751981
15
849585264120
495272223
10
1946
11,9576,8945,0632,086
490336154
936801135
846649197
1,168722446
785475310228
516331185628
2,416999
1,41757
1,111495616356
592470122680
1,731753978
19
868595273113
498268230
5
1947
12,0376,9175,1202,041
493336157
926797129
844647197
1,145710435
790475315220
547340207619
2,4281 0001,428
56
1,115495620352
609475134669
1,740758982
11
897613284110
503271232
4
1948
12,0616,9125,1492,011
495336159
908783125
841645196
1,134704430
798478320211
557346211626
2,4341,0031,431
54
1,126495631343
620476144658
1,740760980
9
906618288109
502268234
1
1949
12,1786,8875,2911,873
485329156
894768126
836640196
1,125700425
804479325208
577351226611
2,4901 0011,489
1,135496639337
678478200600
1,740756984
9
914623291108
500266234
1950
12,1626,8685,2941,853
475325150
873751122
835639196
1,117693424
804477327203
596353243601
2,4871,0051,482
1,134496638336
677All200598
1,749756993
9
922630292106
493266227
1951
12,1586,8355,3231,829
471323148
858737121
829632197
1,106685421
812477335196
618355263599
2,4831,0091,474
1,139495644325
677476201597
1,743751992
9
931633298103
491262229
34
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
BY FEDERAL RESERVE DISTRICT AND BY CLASS OF BANK, 1941-60year]
1952 1953 1954 1955 1956 1957 1958 1959 1960 F. R. district and class of bank
12,1226,7925,3301,820
469321148
837720117
820621199
1,090673417
812477335193
630360270594
2,4761,0051,471
1,140493647323
676476200600
1,7457529939
939634305101
488260228
12,0856,7375,3481,801
464316148
11,9606,6545,3061,787
454311143
11,8626,5375,3251,785
444303141
11,8156,4565,3591,754
435298137
11,7596,3875,3721,741
430293137
11,7226,3065,4161,719
422286136
11,6956,2275,4681,690
415276139
11,7116,1695,5421,672
408268140
814700114
787680107
728625103
68558699
65555996
630530100
60250795
58549194
799607192
777587190
743563180
717547170
698533165
672513159
651499152
636488148
1,065652413
1,029632397
1,002615387
986606380
976599377
964589375
938572366
928565363
814477337193
642363279589
2,4801,0111,469
817476341187
659373286585
2,4851,0171,468
821473348177
682379303586
2,4841,0221,462
819470349168
721391330577
2,4771,0201,457
816465351162
737397340575
2,4731,0191,454
806455351157
757401356566
2,4731,0181,455
797447350151
780403377557
2,4641,0051,459
785435350143
809418391558
2,470997
1,473
1,144493651316
677472205598
1,752753999
7
94763531298
487258229
1,142490652315
679473206601
1,7477499987
95763232592
427234193
1,151492659308
684473211601
1,752749
1,0037
96963433591
40220919315
1,165492673300
688473215599
1,758752
1,0066
98663435289
37818719115
1,167491676300
691474217599
1,755749
1,006
1,00163436784
36017418615
1,174489685293
694476218599
1,757749
1,0086
1,01463138383
35916919015
1,184488696290
701477224597
1,768755
1,0136
1,03663340381
359165194
1,187480707289
708474234598
1,770756
1,0144
1,06363243177
3621651973
All districts:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Boston:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
New York:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Philadelphia:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Cleveland:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Richmond:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Atlanta:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Chicago:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
St. Louis:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Minneapolis:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Kansas City:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
Dallas:. . . On par list, total
MemberNonmember
. . . Not on par list (nonmember)
San Francisco:. . .On par list, total
MemberNonmember
. . . Not on par list (nonmember)
35
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis